P.M. market numbers: August 26, 2009

By Staff | August 26, 2009 | Last updated on August 26, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market closed little changed Wednesday as investors balanced a disappointing earnings report from CIBC and demand concerns that pulled oil prices lower.

The S&P/TSX composite index closed 8.36 points lower to 10,912.17 as CIBC reported quarterly net earnings of $434 million, up sharply from profits of $71 million a year ago. But provisions for bad loans totalled $547 million, up sharply from $203 million a year ago and its shares fell $3.64 or 5.3% to $65.01.

The energy sector was flat as the price of oil in New York dropped 62 cents to US$71.43 a barrel after U.S. crude inventories rose 200,000 barrels last week, a sign of slipping demand.

The Canadian dollar continued to lose ground in the wake the Bank of Canada’s warning that it is prepared to intervene to ensure the currency doesn’t derail an economic recovery. The currency closed down 1.01 cents to 91.09 cents U.S.

U.S. markets were listless despite data showing that new U.S. home sales surged 9.6% in July.

The Dow Jones industrial average added 4.23 points to 9,543.52 while the Nasdaq composite index inched up a fifth of a point to 2,024.43 and the S&P 500 index added 0.13 of a point to 1,028.12.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,543.52 +4.23 or +0.04% +8.74%
S&P 500 1,028.12 +0.12 or +0.01%% +13.82%
NASDAQ 2,024.43 +0.20 or +0.01% +28.37%
TSX Composite 10,912.17 -8.36 or -0.08% +21.41%

International markets Back to Top
Close Change YTD
Nikkei 10,639.71 +142.35 or +1.36% +20.09%
Hang Seng 20,456.32 +21.08 or +0.10% +42.18%
SENSEX 15,769.85 +81.38 or +0.52% +63.46%
FTSE 100 4,890.58 -26.22 or -0.53% +10.29%
CAC 40 3,668.34 -12.27 or -0.33% +14.00%
DAX 5,521.97 -35.12 or -0.63% +14.80%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.97 102.98 3.39
Cdn. 30-year bond 118.56 118.66 3.90
U.S. 10-year bond 101.59 101.55 3.43
U.S. 30-year bond 105.14 104.69 4.20

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9112 0.9210
US $ 1.0975 1.0858

Euro Spot Rate Today Previous
Canadian $ 0.6394 0.6434
Euro 1.5640 1.5541

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $949.50 $940.50

Oil Close Change
WTI Crude Future (US) $71.30 -$0.75 or -1.04%

(08/26/09)

Advisor.ca staff

Staff

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