P.M. market numbers

By Staff | November 13, 2009 | Last updated on November 13, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market closed higher Friday as rising metal prices lifted mining stocks amid another record high close for bullion.

The S&P/TSX composite index gained 46.92 points to 11,407.68 with gains held back by declining consumer discretionary and tech stocks.

The TSX was up 157.26 points or 1.39% for the week as investment sentiment improved on optimism that U.S. interest rates will stay close to zero for an extended period and that governments are in no rush to stop injecting massive amounts of stimulus into global economies.

The Canadian dollar rose amid a big improvement in the domestic trade deficit, up 0.5 of a cent to 95.19 cents US.

Canada’s trade deficit with the rest of the world narrowed to $927 million in September from $2 billion the month before. Statistics Canada says exports rose 3.5% to $30.3 billion, while there was little change in imports. Automotive products, industrial goods and materials, and machinery and equipment were the main sources of growth for exports.

The reading was far worse in the U.S. where the trade deficit widened more than expected in September: up 18.2% to US$36.5 billion as the price of imported oil rose to its highest level in nearly a year.

The gold sector was the major advancer Friday, up 2.62% – and up 2.15% for the week – as the December contract on the New York Mercantile Exchange gained $10.10 to US$1,116.70 an ounce.

The base metals sector was up 1.32% as December copper moved up 2.5 cents to US$2.96 a pound.

The TSX energy sector was ahead 0.5% as the December crude contract on the Nymex moved down 59 cents to US$76.35 a barrel. The decline came on top of a US$2 drop Thursday after data showed higher-than-expected oil gasoline inventories in the U.S., in turn raising concerns about the strength of a recovery.

New York markets closed higher despite the trade data and a disappointing reading on consumer confidence, with the Dow Jones industrials up 73 points to 10,270.47, gaining 247 points or 2.46% this week.

The Nasdaq composite index gained 18.86 points to 2,167.88 while the S&P 500 index edged up 6.24 points to 1,093.48 as the University of Michigan’s November reading on consumer confidence came in at 66, far less than the 71 reading that economists had expected and down from 70.6 in October.

(The Canadian Press)

North American markets Back to Top
Dow Jones 10,270.47 +73.00 or +0.72% +17.02%
S&P 500 1,093.48 +6.24 or +0.57% +21.06%
NASDAQ 2,167.88 +18.86 or +0.88% +37.47%
TSX Composite 11,407.68 +46.92 or +0.41% +26.93%

International markets Back to Top
Open Change YTD
Nikkei 9,770.31 -34.18 or -0.35% +10.28%
Hang Seng 22,553.63 +156.06 or +0.70% +56.76%
SENSEX 16,848.83 +152.80 or +0.92% +74.65%
FTSE 100 5,296.38 +19.88 or +0.38% +19.44%
CAC 40 3,806.01 -2.06 or -0.05% +18.27%
DAX 5,686.83 +22.87 or +0.40% +18.22%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.26 102.03 3.50
Cdn. 30-year bond 116.95 116.30 4.02
U.S. 10-year bond 99.62 99.50 3.42
U.S. 30-year bond 100.39 101.81 4.35

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9524 0.9469
US $ 1.0505 1.0561

Euro Spot Rate Today Previous
Canadian $ 0.6379 0.6380
Euro 1.5675 1.5674

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1,107.50 $1,115.75

Oil Open Change
WTI Crude Future (US) $76.40 -$0.54 or -0.70%

(11/13/09)

Advisor.ca staff

Staff

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