June 7, 2020

Markets were sharply higher on Friday in response to employment gains in May when the forecasts had predicted further job losses.

The S&P 500 was up 2.6% and Toronto was up 2.1%.

The great majority of stocks were up. 

Oil prices were sharply higher Sunday evening due to OPEC agreements. That should be good for the Candian stock market. At the same time, the market has been very strong and that can’t continue every day.

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