Home Breadcrumb caret Investments Breadcrumb caret Market Insights P.M. market numbers: December 1, 2009 The Toronto stock market surged to its highest close of the year as worries about Dubai’s credit problems receded and American economic reports reinforced the impression a rebound is underway. The S&P/TSX composite index jumped 260.12 points to 11,707.32. Investors felt more confident the Dubai debt crisis will be contained, almost a week after the […] By Staff | December 1, 2009 | Last updated on December 1, 2009 2 min read | North American markets | International markets | Bonds | Currency | Commodities | The Toronto stock market surged to its highest close of the year as worries about Dubai’s credit problems receded and American economic reports reinforced the impression a rebound is underway. The S&P/TSX composite index jumped 260.12 points to 11,707.32. Investors felt more confident the Dubai debt crisis will be contained, almost a week after the emirate shocked markets when it said its investment arm, Dubai World, wanted to postpone payments on its approximately US$60 billion of debt for at least six months. The Canadian dollar climbed 0.81 of a cent to 95.54 cents US, while U.S. dollar weakness together with data showing Chinese manufacturing activity expanded in November for a ninth straight month, sent oil up $1.09 to US$78.37 a barrel. Gold advanced $18 to a record high close of US$1,199.10 an ounce. New York’s Dow Jones industrials rose 126.74 points to 10,471.58, the Nasdaq composite index climbed 31.21 points to 2,175.81 while the S&P 500 index gained 13.23 points to 1,108.86. The Institute for Supply Management’s November index on manufacturing activity showed that the sector is still expanding. And a report on construction spending also signalled growth with the first increase in six months. (The Canadian Press) North American markets Back to Top Dow Jones 10,471.58 +126.74 or +1.23% +19.32% S&P 500 1,108.86 +13.23 or +1.21% +22.76% NASDAQ 2,175.81 +31.21 or +1.46% +37.97% TSX Composite 11,707.32 +260.12 or +2.27% +30.26% International markets Back to Top Open Change YTD Nikkei 9,572.20 +226.65 or +2.43% +8.04% Hang Seng 22,113.15 +291.65 or +1.34% +53.70% SENSEX 17,198.27 +272.05 or +1.61% +78.27% FTSE 100 5,312.17 +121.49 or +2.34% +19.80% CAC 40 3,775.74 +95.59 or +2.60% +17.33% DAX 5,776.61 +150.66 or +2.68% +20.09% Bonds Back to Top Bonds $Current $Previous %Yield Cdn. 10-year bond 104.13 104.44 3.24 Cdn. 30-year bond 119.28 119.90 3.86 U.S. 10-year bond 100.84 101.50 3.27 U.S. 30-year bond 101.87 103.03 4.26 Currency Back to Top BoC Close Today Previous Canadian $ 0.9554 0.9473 US $ 1.0467 1.0556 Euro Spot Rate Today Previous Canadian $ 0.6333 0.6309 Euro 1.5789 1.5851 Commodities Back to Top Gold AM PM London Gold Fix ($US) $1,193.50 $1,192.50 Oil Open Change WTI Crude Future (US) $78.20 +0.92 or +1.19% (12/01/09) Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo