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Market Insights
The Toronto stock market headed for a lower open Thursday with investors cautious ahead of Friday’s key U.S. non-farm payrolls report. Buying sentiment could also be limited by spreading worry about debt-plagued governments in Europe. The Canadian dollar was up 0.04 of a cent to 94.17 cents US. U.S. futures pointed to a negative open […]
By Staff |February 3, 2010
3 min read
The Toronto stock market closed higher for a second session Tuesday amid more encouraging news on the American economy. The S&P/TSX composite index advanced 90.79 points to 11,408.34 after the number of Americans preparing to buy a home rose slightly in December, a sign sales could be stabilizing heading into the spring home-buying season. The […]
By Staff |February 2, 2010
4 min read
The Toronto stock market surged more than 150 points Monday in a broad-based advance as commodity prices rose and investors felt better about the American economy. The S&P/TSX composite index surged 218.3 points to 11,312.61. The Canadian dollar was up 0.61 of a cent to 94.13 cents US and oil gained $1.54 to US$74.43 a […]
By Staff |February 1, 2010
2 min read
The Toronto stock market tumbled Friday as positive economic growth data failed to inspire buying while commodity stocks took a particular hit from a rising U.S. dollar, adding up to the markets’ worst monthly loss since February 2009. The S&P/TSX composite index fell 179.89 points to 11,094.31. The Toronto market’s main index fell about 5.5% […]
By Staff |January 29, 2010
A combination of earnings disappointments and poor U.S. economic data helped push the Toronto stock market lower. The market had little time to react to the U.S. Senate confirmation of Federal Reserve Chairman Ben Bernanke to a second, four-year term. The results came in about one minute before the 4 p.m. EST close. The S&P/TSX […]
By Staff |January 28, 2010
During the past 10 years, fund wraps were embraced by distributors, advisors, and investors. This led financial services providers to make moves that capitalized on the growth opportunity. Three constituencies have emerged as drivers of growth in the fund wrap segment. Banks found their packaged solutions found fertile ground in the developing branch advice conduits. […]
By Staff |January 27, 2010
1 min read
The Toronto stock market finished slightly lower after the U.S. Federal Reserve announced it was leaving its key interest rate unchanged at 0.25% – and said the economy is improving. The S&P/TSX composite index moved down 17.08 points to 11,344.11 while the Canadian dollar was off 0.2 of a cent to 93.92 cents US. Commodity […]
The Toronto stock market closed little changed Tuesday as a better than expected reading of American consumer sentiment wasn’t enough to curb worries about the economic recovery. The S&P/TSX composite index inched up 6.68 points to 11,361.19, held back by falling energy and mining stocks. The tepid performance followed a slight, 11-point gain Monday which […]
By Staff |January 26, 2010
The Toronto stock market looked set to build on the strong gains of the previous session on Tuesday as commodity prices advanced amid rising hopes for the American economy. The Canadian dollar moved up 0.39 of a cent to 94.52 cents US. U.S. futures also pointed to a higher open with the Dow Jones industrial […]
By Staff |January 25, 2010
The Toronto stock market closed slightly higher on Monday, with the S&P/TSX composite index finishing up 11.08 points at 11,354.51. The Canadian dollar was unchanged at 94.51 cents US while oil closed up 72 cents at US$75.26 a barrel. The market tumbled three per cent last week amid moves by China to slow bank lending, […]
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