TSX Could Build On 100-Plus Pts Gained Over Last Two Days On U.S. Jobs Data; But Slow U.S. Budget Talks May Weigh

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Canada's main stock index, the Toronto Stock Exchange, could build on the 100-plus points gained over the last two days, buoyed by news that the number of Americans filing new claims for unemployment benefits fell for a fourth straight week last week. This shows improvement in the U.S. labor market, which could have a positive knock-on impact on the rest of the economy there and also in Canada, which is its largest trading partner.

But gains may be limited as the initial enthusiasm for the Federal Reserve's announcement Wednesday of a fresh stimulus program wanes. Also, investors and traders are concerned about the slow pace of U.S. budget talks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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