P.M. market numbers: August 6, 2009

By Staff | August 6, 2009 | Last updated on August 6, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market fell to a sharp loss Thursday amid news that Canada’s largest insurance company will cut its dividend in half.

The S&P/TSX composite index lost 253.56 points or 2.3% to 10,793.37, reversing four consecutive days of gains that had seen Toronto’s main index add more than five per cent.

Other insurance companies also took a beating on the news from Manulife.

In New York, markets were also lower amid sales figures that showed U.S. shoppers remained tight-fisted in July, resulting in sluggish sales for many merchants and raising concern about the health of the back-to-school shopping season.

The Dow Jones industrial average lost 24.71 points to 9,256.26, while the Nasdaq composite index fell 19.89 points to 1,973.37. The S&P 500 slipped 5.64 points to 997.08.

The base metals sector was also a drag on the TSX, losing 3.6% on weaker metals prices.

The price of oil was slightly lower, losing three cents to US$71.94 a barrel on more evidence of consumer anxiety and growing supplies of unused crude and natural gas. The Toronto energy sector was down 1.1%.

The gold sector gained 0.2% as the December bullion contract lost $3.40 to US$962.90.

The loonie lost some of the gains it has racked up in recent days, falling 0.57 cent to 92.88 cents US.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,256.26 -24.71 or -0.27% +5.47%
S&P 500 997.08 -5.64 or -0.56% +10.39%
NASDAQ 1,973.16 -19.89 or -1.00% +25.12%
TSX Composite 10,820.13 -226.80 or -2.05% +20.39%

International markets Back to Top
Close Change YTD
Nikkei 10,388.09 +135.56 or +1.32% +17.25%
Hang Seng 20,899.24 +404.47 or +1.97% +45.26%
SENSEX 15,514.03 -389.80 or -2.45% +60.81%
FTSE 100 4,690.53 +43.40 or +0.93% +5.78%
CAC 40 3,477.83 +19.30 or +0.56% +8.08%
DAX 5,369.98 +16.97 or +0.32% +11.64%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 101.71 101.41 3.54
Cdn. 30-year bond 116.39 115.65 4.02
U.S. 10-year bond 94.84 94.84 3.76
U.S. 30-year bond 95.30 94.84 4.54

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9288 0.9345
US $ 1.0767 1.0701

Euro Spot Rate Today Previous
Canadian $ 0.6469 0.6483
Euro 1.5458 1.5425

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $960.75 $964.00

Oil Close Change
WTI Crude Future (US) $71.99 +$0.02 or +0.03%

(08/06/09)

Advisor.ca staff

Staff

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