Home Breadcrumb caret Investments Breadcrumb caret Market Insights P.M. market numbers: October 21, 2009 The Toronto stock market closed sharply lower amid a late-day selloff in financial and tech stocks. The S&P/TSX composite index fell 96.1 points to 11,442.02. The Canadian dollar rose 43-100ths to 95.6 cents US a day after losing almost two cents in the wake of a strong indication by the Bank of Canada that an […] By Staff | October 21, 2009 | Last updated on October 21, 2009 2 min read | North American markets | International markets | Bonds | Currency | Commodities | The Toronto stock market closed sharply lower amid a late-day selloff in financial and tech stocks. The S&P/TSX composite index fell 96.1 points to 11,442.02. The Canadian dollar rose 43-100ths to 95.6 cents US a day after losing almost two cents in the wake of a strong indication by the Bank of Canada that an interest rate hike won’t happen until the middle of next year. The central bank also delivered a clear warning of the damage being done to the economy by the surging currency. New York markets also fell sharply, with the Dow Jones industrials down 92.12 points to 9,946.36. The TSX financial sector gave up ground after U.S. banking analyst Dick Bove downgraded Wells Fargo, the fourth-biggest U.S. bank, to sell. The downgrade sparked a selloff across most sectors and came just hours after the bank reported sharply higher loan losses. Oil jumped $2.25 to US$81.37 a barrel – its highest close since mid-October, 2008 – as gasoline inventories fell again last week. In New York, the Nasdaq composite index had been supported by a well-received earnings report from Yahoo Inc., but closed down 12.74 points at 2,150.73, while the S&P 500 index dipped 9.66 points to 1,081.4. (THE CANADIAN PRESS) North American markets Back to Top Close Change YTD Dow Jones 9,949.36 -92.12 or -0.92% +13.37% S&P 500 1,081.40 -9.66 or -0.89% +19.72% NASDAQ 2,150.73 -12.74 or -0.59% +36.38% TSX Composite 11,442.02 -96.10 or -0.83% +27.31% International markets Back to Top Close Change YTD Nikkei 10,333.39 -3.45 or -0.03% +16.64% Hang Seng 22,318.11 -66.85 or -0.30% +55.12% SENSEX 17,009.17 -213.84 or -1.24% +78.53% FTSE 100 5,257.85 +14.45 or +0.28% +18.58% CAC 40 3,873.22 +1.77 or +0.05% +20.36% DAX 5,833.49 +21.72 or +0.37% +21.72% Bonds Back to Top Bonds $Current $Previous %Yield Cdn. 10-year bond 102.56 102.77 3.43 Cdn. 30-year bond 117.95 118.22 3.93 U.S. 10-year bond 102.01 102.39 3.38 U.S. 30-year bond 105.01 105.72 4.20 Currency Back to Top BoC Close Today Previous Canadian $ 0.9560 0.9715 US $ 1.0460 1.0293 Euro Spot Rate Today Previous Canadian $ 0.6374 0.6374 Euro 1.5688 1.5688 Commodities Back to Top Gold AM PM London Gold Fix ($US) $1053.50 $1053.75 Oil Close Change WTI Crude Future (US) $80.86 +$1.74 or +2.20% (10/21/09) Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo