The S&P/TSX Composite Index extended gains for the third consecutive session on Thursday, to end a shortened session at 17624 as investors welcomed a historic EU-UK post-Brexit trade deal. At the same time, the heavyweight materials sector got a boost from higher gold prices. On the economic data front, the total value of building permits in Canada rose 12.9 percent to CAD 9.4 billion in November of 2020, the third-highest value on record, led by large permits for multi-family dwellings in British Columbia and Ontario, and an office building in the city of Toronto. On the week, shares gained 0.5%. The Toronto Stock Exchange will be closed on December 25th and 28th for the Christmas holiday.
Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all time high of 17970.51 in February of 2020. Canada S&P/TSX Toronto Stock Market Index - data, forecasts, historical chart - was last updated on December of 2020.
The Canada S&P/TSX Toronto Stock Market Index is expected to trade at 17421.21 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 16827.28 in 12 months time.