Market Numbers: Monday, July 20, 2009

By Staff | July 20, 2009 | Last updated on July 20, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market finished sharply higher Monday, extending its winning streak to six sessions on the likelihood that a major U.S. financial institution will avoid bankruptcy while improving sentiment send commodity prices higher.

The S&P/TSX composite index jumped 171.29 points to 10,540.71, following a surge of more than six per cent last week as a string of U.S. earnings reports raised hopes for an economic recovery.

TheTSX energy sector moved up 2.35% with the August crude contract on the New York Mercantile Exchange 42 cents higher to US$63.98 a barrel.

Investors also took in a major deal in the utilities sector. TransAlta Corp. said it plans to make an all-cash offer of $654 million to acquire Canadian Hydro Developers at a price of $4.55 per share.

A day before the Bank of Canada makes its next announcement on interest rates, the Canadian dollar added to last week’s strong advances, as the dollar benefited from a weaker U.S. dollar and the strong showing on the stock markets. The loonie jumped 0.75 of a cent to 90.35 cents US after running ahead 3.74 US cents last week.

In economic news, Statistics Canada announced that wholesale sales fell 0.3% to $40.1 billion in May, their eighth straight drop and their lowest level since December 2005.

Encouraging outlooks from Goldman Sachs Group and Bank of America also helped sent New York markets higher as the Dow Jones industrials rose 104.21 points to 8,848.15.

The Nasdaq composite index climbed 22.68 points to 1,909.29 while the S&P 500 index was ahead 10.75 points to 951.13.

And Goldman Sachs forecast said an improvement in earnings will drive a sharp second-half rally, taking the S&P 500 up to 1,060.

The gold sector was ahead 2.5 cent as the August bullion contract on the Nymex rose $11.30 to US$948.80 an ounce.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 8,848.15 +104.21 or +1.19% +0.82%
S&P 500 951.13 +10.75 or +1.14% +5.30%
NASDAQ 1,909.29 +22.68 or +1.20% +21.07%
TSX Composite 10,540.71 +171.29 or +1.65% +17.28%

International markets Back to Top
Close Change YTD
Nikkei 9,395.32 +51.16 or +0.55% +6.05%
Hang Seng 19,502.37 +696.71 or +3.70% +35.55%
SENSEX 15,191.01 +446.09 or +3.03% +57.46%
FTSE 100 4,443.62 +54.87 or +1.25% +0.21%
CAC 40 3,270.94 +52.48 or +1.63% +1.65%
DAX 5,030.15 +51.75 or +1.04% +4.57%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.73 102.21 3.42
Cdn. 30-year bond 117.52 116.54 3.96
U.S. 10-year bond 96.00 95.69 3.61
U.S. 30-year bond 95.75 95.22 4.51

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9035 0.8960
US $ 1.1068 1.1161

Euro Spot Rate Today Previous
Canadian $ 0.6351 0.6354
Euro 1.5746 1.5737

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $952.25 $952.75

Oil Close Change
WTI Crude Future (US) $64.33 +$0.77 or +1.21%

(07/20/09)

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.