P.M. market numbers: September 16, 2009

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

The Toronto stock market closed higher for a fifth session Wednesday amid positive industrial data from Canada and the U.S.

The Toronto energy and gold sectors led the way to a gain of 59.77 points to 11,555.6 on the main S&P/TSX composite index, its highest close since the end of September, 2008.

The solid showing followed a report showing that U.S. industrial companies boosted production more than expected in August.

The Federal Reserve says output at U.S. factories, mines and utilities rose 0.8% in August. Economists surveyed by Thomson Reuters expected a 0.6% increase.

And Statistics Canada reported that manufacturing sales rose 5.5% in July to $41.4 billion, adding to the 2.2% increase reported in June, thanks to improved performances in the motor vehicle and primary metals industries.

Excluding the motor vehicle assembly and motor vehicle parts industries, manufacturing sales increased 2.1%.

The gold sector was up 0.77% on Wednesday as inflation worries and a weaker U.S. dollar helped push the December bullion contract on the New York Mercantile Exchange up $13.90 to US$1,020.20 an ounce. It earlier reached an intraday high of US$1,023.30, its highest level since March 2008.

The energy sector rose 0.88% as the October crude contract on the New York Mercantile Exchange gained $1.58 to US$72.51 a barrel after the U.S. Energy Information Administration reported a decrease of 4.7 million barrels of oil in the U.S. last week, a bigger decline than the three million barrel drop expected by analysts.

The Canadian dollar moved up 0.57 of a cent to 93.91 cents US, after rising more than a cent Tuesday amid yet another warning from the Bank of Canada that the strong loonie could derail an economic recovery.

The TSX has racked up a strong series of gains on hopes for a strong recovery and a positive third-quarter earnings season, leaving the market up 52% since the lows of early March and up 28% year to date.

New York markets were up sharply as the Dow Jones industrial average rose 108.3 points to 9,791.71.

The Nasdaq composite index moved up 30.51 points to 2,133.15 while the S&P 500 index gained 16.13 points to 1,068.76.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,791.71 +108.30 or +1.12% +11.57%
S&P 500 1,068.76 +16.13 or +1.53% +18.32%
NASDAQ 2,133.15 +30.51 or +1.45% +35.26%
TSX Composite 11,555.60 +59.77 or +0.52% +28.57%

International markets Back to Top
Close Change YTD
Nikkei 10,270.77 +53.15 or +0.52% +15.93%
Hang Seng 21,402.92 +536.55 or +2.57% +48.76%
SENSEX 16,677.04 +222.59 or +1.35% +72.87%
FTSE 100 5,124.13 +82.00 or +1.63% +15.56%
CAC 40 3,813.79 +61.58 or +1.64% +18.52%
DAX 5,700.26 +71.28 or +1.27% +18.50%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 103.18 103.15 3.36
Cdn. 30-year bond 119.14 118.65 3.87
U.S. 10-year bond 101.28 101.44 3.47
U.S. 30-year bond 103.84 103.84 4.25

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9390 0.9333
US $ 1.0649 1.0714

Euro Spot Rate Today Previous
Canadian $ 0.6374 0.6360
Euro 1.5688 1.5723

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $1017.00 $1015.75

Oil Close Change
WTI Crude Future (US) $72.32 +$1.39 or +1.96%

(09/16/09)

Advisor.ca staff

Staff

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