Friday, July 6, 2007

TSX May Hit 15,000

Bank Says Index Set To Hit 15,000
Powered by strong energy and commodity stocks, the TSX is set to gain about 1,000 points and hit 15,000 by year end, CIBC World Markets says. The bank issued its latest Canadian Portfolio Strategy Outlook Thursday. It said that although the TSX was volatile in June over investor concerns about looming inflation and interest rates, strong market fundamentals would likely outweigh those worries.

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