P.M. market numbers: October 16, 2009

By Staff | October 16, 2009 | Last updated on October 16, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market closed little changed Friday on a day when energy stocks drifted lower despite crude closing at its best level in a year and financials lost ground amid disappointing earnings reports from the U.S. financial sector.

The S&P/TSX composite index added a quarter of a point to 11,504.76 as the TSX found support from gold stocks, and finished the week 67.84 points or 0.59 per cent higher. The TSX Venture Exchange was 3.17 points higher at 1,331.57.

Investors also took in news that Canadian inflation remains deep in negative territory.

Statistics Canada reported that the consumer price index slid by one-tenth of a point last month to minus 0.9 per cent _ matching a 53-year low that was also recorded in July. Much lower gasoline prices kept the overall index down. Aside from energy, annual inflation in Canada was well above zero in September at 1.3 per cent.

The Canadian dollar was lower for a second day, down 0.35 of a cent to 96.32 cents US.

The TSX energy sector was down 0.44 per cent even as the November crude contract on the New York Mercantile Exchange gained 95 cents to US$78.53 a barrel, building on Thursday’s sharp gain after the U.S. Energy Department released data showing a huge and unexpected drawdown in gasoline supplies. On the TSX, Suncor Inc. (TSX:SU) declined 40 cents to C$39.98.

New York markets closed firmly in the red following earnings reports from General Electric and Bank America.

The TSX financial sector fell 0.56 per cent, with CIBC (TSX:CM) down 68 cents to C$64.68. TD Bank (TSX:TD) dipped 66 cents to $65.24.

The Dow Jones industrials dropped 67.03 points to 9,995.91, gaining 131 points or 1.32 per cent this week.

The Nasdaq composite index lost 16.49 points to 2,156.8 despite solid earnings reports from Google Inc., and chipmaker Advanced Micro Devices after the closing bell Thursday.

The S&P 500 index fell 8.88 points to 1,087.68.

Doubts about American economic strength were raised after the University of Michigan’s consumer index for September fell to 69.4 from 73.5 in September. Economists had expected a reading of 73.5.

The gold sector limited overall losses on the TSX, rising 1.2 per cent as the December bullion contract on the Nymex rose 90 cents to US$1,051.50 an ounce.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,995.91 -67.03 or -0.67% +14.66%
S&P 500 1,087.68 -8.88 or -0.81% +21.40%
NASDAQ 2,156.80 -16.49 or -0.76% +37.81%
TSX Composite 11,504.76 +0.25 or 0.00% +28.00%

International markets Back to Top
Close Change YTD
Nikkei 10,257.56 +18.91 or +0.18% +15.78%
Hang Seng 21,929.90 -69.18 or -0.31% +52.42%
SENSEX 17,322.82 +127.62 or +0.74% +79.56%
FTSE 100 5,190.24 -32.71 or -0.63% +17.05%
CAC 40 3,827.60 -56.23 or -1.45% +18.94%
DAX 5,743.39 -87.38 or -1.50% +19.40%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond

102.18

101.66

3.48

Cdn. 30-year bond

117.52

116.75

3.95

U.S. 10-year bond 101.81 101.39 3.40
U.S. 30-year bond 104.38 103.37 4.24

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9632 0.9747
US $ 1.0382 1.0345

Euro Spot Rate Today Previous
Canadian $ 0.6472 0.6534
Euro 1.5450 1.5452

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1047.75 $1047.50

Oil Close Change
WTI Crude Future (US) $78.61 +$1.03 or +1.33%

(10/16/09)

Advisor.ca staff

Staff

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