Investor Alert

Jan. 17, 2020, 8:44 a.m. EST

Another Record Day in Store for TSX

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Jan 17, 2020 (Baystreet.ca via COMTEX) -- Futures for Canada's main stock index rose on Friday after Chinese data suggested that the world's second-biggest economy was stabilizing.

The TSX Composite Index gained 69.6 points to finish off Thursday at 17,484.77

March futures advanced 0.2% early Friday.

The Canadian dollar fell 0.05 cents to 76.63 cents U.S. early Friday.

CIBC cut the target price on Bombardier to $2.25 from $3.00

Scotiabank raised target price on Canadian Pacific Railway to $340.00 from $320.00

National Bank of Canada raised the price target on Pinnacle Renewable Energy to $15.00 from $14.00

On the economic slate, Statistics Canada reported that Canadian investors increased their holdings in foreign securities to $5.5 billion in November as Canadian investors resumed their purchases of foreign equities.

At the same time, foreign investors reduced their holdings of Canadian securities by $1.8 billion, the first decline in four months


The TSX Venture Exchange spiked 6.1 points, or 1.1%, Thursday to 583.11


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