03.06.2016 14:55:14

TSX Might Break Through 9-Month Highs -- Canadian Commentary

(RTTNews) - Canadian stocks looked to forge ahead Friday amid increased risk appetite.

The S&P/TSX Composite Index starts the day on the verge of a new 9-month high.

A diappointing jobs report raised doubts about whether the U.S. Federal Reserve will raise interst rates this summer.

Also, a pivotal OPEC meeting failed to produce a deal on capping output.

Iran refused to cooperate with requests to limit production as it attempts to make up for years of harsh sanctions.

OPEC officials expressed optimism that the crude oil market would continue self-adjust without a production freeze.

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