The best and worst performers in a 'breakout year' for Canadian IPOs + MORE Jan 2nd

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TORONTO _ Canada’s main stock index cruised to a new record high in its first day of trading for the year, as the loonie gained ground on the U.S. dollar.
The S&P/TSX composite index surged 100.86 points to 16,309.99, with health care, energy and mining shares leading advancers.
In New York, the Dow Jones industrial average advanced 104.79 points to 24,824.01. The S&P 500 index was up 22.18 points to 2,695.79 and the Nasdaq composite index gained 103.51 points to 7,006.90, both record highs.
The Canadian dollar closed at an average trading value of $79.89 cents US, up 0.18 of a U.S. cent.
In commodities, the February crude contract was down five cents to US$60.37 per barrel and the February natural gas contract was up 10 cents to US$3.06 per mmBTU.
The February gold contract added US$6.80 to US$1,316.10 an ounce and the March copper contract was down two cents to US$3.28 a pound.
 
The post Toronto stock index begins 2018 hitting new record high, loonie strengthens appeared first on Canadian Business – Your Source For Business News.

The TFSA limit determines how much you can deposit in your Tax-Free Savings Account each year.
The TFSA limit for 2018:

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YearTFSA Annual LimitTFSA Cumulative Limit

2009$5,000$5,000
2010$5,000$10,000
2011$5,000$15,000
2012$5,000$20,000
2013$5,500$25,500
2014$5,500$31,000
2015$10,000$41,000
2016$5,500$46,500
2017$5,500$52,000
2018$5,500$57,500

More about the annual TFSA limit:
Tax-Free Savings Accounts (TFSAs) were first introduced in Canada in 2009. Most Canadian financial institutions now offer them. A TFSA allows any Canadian over the age of 18 to save or invest money in a tax-free account. “Tax free” means that you don’t pay taxes on the money you make inside your TFSA…

Investors who bought into biggest Canadian stock issues were just as likely to miss as hit

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