P.M. market numbers: December 3, 2009

| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market fell sharply Thursday in a broad-based decline despite solid earnings reports from two of the big Canadian banks as investors opted for caution ahead of Friday’s U.S. non-farm jobless report.

The S&P/TSX composite index declined 143.18 points to 11,636.55 with a report showing a surprising contraction of the U.S. service industry during November also limiting advances.

The Institute for Supply Management’s non-manufacturing index fell to 48.7 from 50.6 in October. Economists had expected the index to rise to 51.5, which would show continued expansion.

Market sentiment Friday will likely be determined by the U.S. jobless report. Economists expect that employers cut 130,000 jobs last month and that the unemployment rate remained flat at 10.2%.

The Canadian dollar moved down 0.41 of a cent to 94.81 cents US.

The TSX financial sector stepped 1.3 back per cent amid reports from three major banks Thursday.

CIBC shares were ahead $1.52 to C$70 on the TSX after the bank reported fourth-quarter net income of $644 million or $1.56 per share, up from year-ago profit of $436 million or $1.06 per share. Revenues totalled $2.9 billion for the quarter, compared to $2.2 billion last year.

CIBC’s provision for loan losses surged 91% from a year ago to $424 million due to higher losses in its credit cards, unsecured personal lending and corporate lending portfolios. But provision for credit losses was down $123 million from the prior quarter, primarily due to lower losses in these same portfolios.

The energy sector was down 1.17% as the January crude contract on the New York Mercantile Exchange slipped 14 cents to US$76.46 a barrel.

The gold sector was down just over two per cent as the February bullion contract on the Nymex gained $5.30 to a record US$1,218.30 an ounce.

Losses also picked up in New York late in the session as the Dow Jones industrial average fell 86.53 points to 10,366.15.

The Nasdaq composite index dropped 11.89 points to 2,173.14 while the S&P 500 index ticked 9.32 points lower to 1,099.92.

(The Canadian Press)

North American markets

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Dow Jones	10,366.15	-86.53 or -0.83%	+18.11%
S&P 500	1,099.92	-9.32 or -0.84%	+21.77%
NASDAQ	2,173.14	-11.89 or -0.54%	+37.80%
TSX Composite	11,629.01	-150.72 or -1.28%	+29.39%

International markets

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	Open	Change	YTD
Nikkei	9,977.67	+368.73 or +3.84%	+12.62%
Hang Seng	22,553.87	+264.30 or +1.19%	+56.76%
SENSEX	17,185.68	+15.77 or +0.09%	+78.14%
FTSE 100	5,313.00	-14.39 or -0.27%	+19.82%
CAC 40	3,799.11	+3.19 or +0.08%	+18.06%
DAX	5,770.35	-11.33 or -0.20%	+19.96%

Bonds

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Bonds	$Current	$Previous	%Yield
Cdn. 10-year bond	104.18	104.11	3.23
Cdn. 30-year bond	119.05	118.97	3.87
U.S. 10-year bond	100.01	100.55	3.37
U.S. 30-year bond	100.72	102.03	4.33

Currency

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BoC Close	Today	Previous
Canadian $	0.9481	0.9522
US $	1.0547	1.0502

Euro Spot Rate	Today	Previous
Canadian $	0.6290	0.6328
Euro	1.5899	1.5802

Commodities

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Gold	AM	PM
London Gold Fix ($US)	$1218.25	$1,208.75

Oil	Open	Change
WTI Crude Future (US)	$76.02	-0.58 or -0.76%

(12/03/09)