P.M. market numbers: July 21, 2009

By Staff | July 21, 2009 | Last updated on July 21, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market closed lower despite another series of positive earnings reports and optimistic outlooks.

The S&P/TSX composite index broke a six-session winning streak, falling 25.39 points to 10,515.32. The drop came after the main index jumped almost 800 points in recent days, riding a wave of higher oil prices and earnings reports that raised confidence that the economy is improving.

The Canadian dollar backed off from early sharp gains after the Bank of Canada warned that higher value of the loonie, as well as ongoing restructuring in key industrial sectors, is significantly moderating the pace of overall growth.

The central bank made the comment as it announced it was leaving its key interest rate unchanged at a quarter point.

The dollar has risen sharply over the past week and a half, benefiting from a weak U.S. dollar and the recent surge on global stock markets. The currency declined 0.02 of a cent Tuesday to 90.33 cents US, after hitting the 91-cent level earlier.

New York markets extended gains as the Dow Jones industrials climbed 67.79 points to 8,915.94.

The Nasdaq composite rose 6.91 points to 1,916.2 while the S&P 500 index was up 3.45 points to 954.58.

Pleasing investors was U.S. heavy equipment maker Caterpillar Inc., which boosted its 2009 profit outlook. Its shares jumped $2.83 or 7.7 per cent to US$39.48.

The good news from Caterpillar was counterbalanced by more caution about the economy in remarks by Federal Reserve chairman Ben Bernanke in front of Congress.

Bernanke repeated the Fed’s forecast that the economy should start growing again in the second half of this year, but only modestly and with rising unemployment.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 8,915.94 +67.79 or +0.77% +1.59%
S&P 500 954.58 +3.45 or +0.36% +5.68%
NASDAQ 1,916.20 +6.91 or +0.36% +21.51%
TSX Composite 10,515.32 -25.39 or -0.24% +17.00%

International markets Back to Top
Close Change YTD
Nikkei 9,652.02 +256.70 or +2.73% +8.94%
Hang Seng 19,501.73 -0.64 or -0.00% +35.55%
SENSEX 15,062.49 -128.52 or -0.85% +56.13%
FTSE 100 4,481.17 +37.55 or +0.85% +1.06%
CAC 40 3,302.89 +31.95 or +0.98% +2.64%
DAX 5,093.97 +63.82 or +1.27% +5.90%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.90 102.73 3.40
Cdn. 30-year bond 117.45 117.52 3.96
U.S. 10-year bond 97.03 96.00 3.48
U.S. 30-year bond 97.67 95.75 4.39

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9033 0.9035
US $ 1.1071 1.1068

Euro Spot Rate Today Previous
Canadian $ 0.6361 0.6351
Euro 1.5720 1.5746

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $947.75 $947.75

Oil Close Change
WTI Crude Future (US) $65.72 +$0.43 or +0.66%

(07/21/09)

Advisor.ca staff

Staff

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