P.M. market numbers: October 8, 2009

By Staff | October 8, 2009 | Last updated on October 8, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market ended Thursday with its fourth consecutive triple-digit gain, as a weaker U.S. dollar helped drive up commodities prices and sent the loonie soaring to its highest levels in more than a year.

The S&P/TSX composite index closed up 134.63 to 11,484.51, while the Canadian dollar wrapped the day at 95.04, a gain of 0.91 of a cent, its highest close since Sept. 29, 2008.

A key factor behind the enthusiastic gains was a weakening U.S. dollar, which sent investors running for cover in commodities futures markets.

Gold prices have especially felt the shift and logged three consecutive sessions of record highs as a result.

On the Nymex, the December gold contract ended the session $11.90 higher to US$1056.30 an ounce, which helped send the TSX gold sector 0.6% higher.

Also on the upswing was the energy sector, which climbed up 2.9%, as the November crude contract on the New York Mercantile Exchange rose $2.12 to US$71.69 a barrel.

In the U.S., investors spent much of the session grappling with the start of earnings season, which got off to a bang after the closing bell on Wednesday with a report from Alcoa Inc. The U.S. aluminum giant surprised the market with a profit of US$77 million tied to cost-cutting and rising sales to automakers.

On Thursday, there was also encouraging U.S. economic data which said the number of Americans making new claims for jobless benefits fell last week to the lowest level since early January, as employers cut fewer workers.

On Wall Street, the Dow Jones industrials moved 61.29 points higher to 9,786.87.

The Nasdaq composite index rose 13.60 points to 2,123.93 while the S&P 500 index gained 7.90 points to 1,065.48.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,786.87 +61.29 or +0.63% +11.51%
S&P 500 1,065.48 +7.90 or +0.75% +17.96%
NASDAQ 2,123.93 +13.60 or +0.64% +34.68%
TSX Composite 11,484.51 +134.63 or +1.19% +27.78%

International markets Back to Top
Close Change YTD
Nikkei 9,832.47 +32.87 or +0.34% +10.98%
Hang Seng 21,492.90 +251.31 or +1.18% +49.39%
SENSEX 16,843.54 +36.88 or +0.22% +74.59%
FTSE 100 5,154.64 +45.74 or +0.90% +16.25%
CAC 40 3,806.81 +50.40 or +1.34% +18.30%
DAX 5,716.54 +75.79 or +1.34% +18.84%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 103.31 103.98 3.34
Cdn. 30-year bond 119.00 119.90 3.87
U.S. 10-year bond 103.14 103.80 3.25
U.S. 30-year bond 107.09 107.72 4.09

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9504 0.9413
US $ 1.0522 1.0624

Euro Spot Rate Today Previous
Canadian $ 0.6430 0.6412
Euro 1.5552 1.5596

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1054.75 $1045.00

Oil Close Change
WTI Crude Future (US) $71.44 +$1.87 or +2.69%

(10/09/09)

Advisor.ca staff

Staff

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