P.M. market numbers: October 6, 2009

By Staff | October 6, 2009 | Last updated on October 6, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market saw another triple-digit gain Tuesday as commodity prices got a boost from optimism that the global economic recovery has legs.

The S&P/TSX composite index added 145.35 points to 11,247.97 after soaring more than 250 points earlier in the day.

The gold sector led the TSX, gaining 5.2%, as the December bullion contract on the New York Mercantile Exchange added $21.90 to close at a record high of US$1,039.70.

This topped the previous record of US$1,033.90 seen in March 2008.

The yellow metal was given a boost as the U.S. dollar continued to weaken amid fears that inflation will result from massive government stimulus spending.

The weakening greenback also caused the loonie to take flight. The Canadian dollar added 0.93 cents to 94.38 cents US. This followed a report that Arab states and other countries were contemplating an end to the U.S. currency’s role in the pricing of oil.

New York markets also moved ahead Tuesday after Australia’s central bank unexpectedly raised interest rates by a quarter point to 3.25%. The move makes Australia the first major economy to increase the cost of borrowing amid signs its recovery from the global slump is gaining momentum.

The Dow Jones industrials rose 131.50 points to 9,731.25. The Nasdaq composite index climbed 35.42 points to 2,103.57, while the S&P 500 index gained 14.26 points to 1,054.72.

In Toronto, the energy sector was ahead two per cent as the November crude oil contract gained 47 cents to US$70.88.

The base metals sector added two per cent while financial stocks lost 0.1%.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,731.25 +131.50 or +1.37% +10.88%
S&P 500 1,054.72 +14.26 or +1.37% +16.77%
NASDAQ 2,103.57 +35.42 or +1.71% +33.39%
TSX Composite 11,247.97 +145.35 or +1.31% +25.15%

International markets Back to Top
Close Change YTD
Nikkei 9,691.80 +17.31 or +0.18% +9.39%
Hang Seng 20,811.53 +382.46 or +1.87% +44.65%
SENSEX 16,958.54 +92.13 or +0.55% +75.79%
FTSE 100 5,137.98 +113.65 or +2.26% +15.87%
CAC 40 3,770.21 +95.20 or +2.59% +17.16%
DAX 5,657.64 +148.79 or +2.70% +17.62%

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

103.75

104.25

3.29
Cdn. 30-year bond

119.70

120.40

3.84
U.S. 10-year bond 103.09 103.43 3.26
U.S. 30-year bond 107.47 108.47 4.07

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9437 0.9344
US $ 1.0596 1.0701

Euro Spot Rate Today Previous
Canadian $ 0.6412 0.6377
Euro 1.5595 1.5680

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1020.25 $1038.75

Oil Close Change
WTI Crude Future (US) $71.04 +$0.63 or +0.89%

(10/06/09)

Advisor.ca staff

Staff

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