P.M. market numbers: September 1, 2009

| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market tumbled Tuesday for a second straight session even as data showed a reviving manufacturing sector in the United States and China.

The S&P/TSX composite index fell 178.43 points to 10,689.78 as the Institute for Supply Management reported that its U.S. manufacturing index rose to 52.9 in August from 48.9 in July.

It was the first reading above 50, which indicates expansion, since January 2008.

The showing on the TSX followed a 110-point slide on Monday.

The TSX is still up an impressive 43% since the lows of early March but analysts say investors have already priced in an economic recovery and there are concerns over what could drive the six-month old stock rally higher.

The American data followed the release of two surveys showing that China’s manufacturing growth picked up in August, expanding at its fastest rate this year and helping to drive an economic recovery amid massive stimulus spending.

Decliners were led by a drop of almost three per cent drop in the financial sector as CIBC backed off $2.96 to $61.29 and Royal Bank slipped 93 cents to $55.52.

Anton Schutz, portfolio manager of Burnham Financial Industries Fund and Burnham Financial Services Fund in New York, said talk of a possible major bank failure rattled the market in the wake of a U.S. government report last week that 400 banks were in trouble during the second quarter.

The TSX energy sector was down 1.5 per cent as the October crude contract on the New York Mercantile Exchange fell $1.91 to US$68.74 a barrel on demand concerns.

The Canadian dollar was down three quarters of a US cent to 90.57 cents U.S., weighed down by sliding stocks, lower commodity prices – and an announcement from Liberal leader Michael Ignatieff that the party will no longer prop up the minority Conservative government.

New York markets were also sharply lower as the Dow Jones industrials tumbled 185.68 points to 9,310.6.

The Nasdaq composite index moved down 40.17 points to 1,968.89 while the S&P 500 slid 22.58 points 998.04.

(THE CANADIAN PRESS)

North American markets

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	Close	Change	YTD
Dow Jones	9,310.60	-185.68 or -1.96%	+6.09%
S&P 500	998.04	-22.58 or -2.21%	+10.49%
NASDAQ	1,968.89	-40.17 or -2.00%	+24.85%
TSX Composite	10,689.78	-178.43 or -1.64%	+18.94%

International markets

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	Close	Change	YTD
Nikkei	10,530.06	+37.53 or +0.36%	+18.86%
Hang Seng	19,872.30	+148.11 or +0.75%	+38.12%
SENSEX	15,551.19	-115.45 or -0.74%	+61.20%
FTSE 100	4,819.70	-89.20 or -1.82%	+8.69%
CAC 40	3,583.44	-70.10 or -1.92%	+11.36%
DAX	5,327.29	-137.32 or -2.51%	+10.75%

Bonds

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Bonds	$Current	$Previous	%Yield
Cdn. 10-year bond	103.43	101.84	3.33
Cdn. 30-year bond	119.19	105.37	3.87
U.S. 10-year bond	102.18	101.34	3.36
U.S. 30-year bond	105.30	104.53	4.19

Currency

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BoC Close	Today	Previous
Canadian $	0.9057	0.9132
US $	1.1041	1.0950

Euro Spot Rate	Today	Previous
Canadian $	0.6371	0.6370
Euro	1.5697	1.5698

Commodities

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Gold	AM	PM
London Gold Fix ($US)	$949.75	$955.00

Oil	Close	Change
WTI Crude Future (US)	$68.22	-$1.74 or -2.49%

(09/01/09)