News and resources for Canada's top financial advisors
Market Insights
The Toronto stock market could start Friday lower as commodity prices pull back and investors take in better than expected earnings from General Electric and Google. The Canadian dollar was down 0.29 of a cent to 94.82 cents US early Friday morning. U.S. futures were mostly flat as Wall Street tries to find footing sustaining […]
By Staff |January 22, 2010
3 min read
The Toronto stock market fell sharply Friday, its third consecutive decline as investors worried about the repercussions of proposed new regulations in the U.S. financial sector and moves by China to tighten lending. The S&P/TSX composite index fell 125.67 points to 11,343.43 for a loss of 341.94 points or 2.9% this week. The TSX financial […]
4 min read
The Toronto stock market tumbled Thursday over another round of concerns about tightening credit in China and proposals to impose tougher regulations on U.S. banks. "We’ve run a big rally here," said Sid Mokhtari, market technician at CIBC World Markets. "We shouldn’t be panicking by any means. It’s more of a backing and filling (by […]
By Staff |January 21, 2010
World markets dropped Wednesday, led by a near 3 per cent tumble in Shanghai’s stock benchmark, as investors fretted about new curbs on the lavish bank lending that has driven China’s economic revival. The losses came despite Wall Street’s gains on Tuesday, where the Dow Jones industrial average rose 1.1 per cent to a 15-month […]
By Staff |January 20, 2010
The Toronto stock market closed lower Wednesday as word of tighter lending standards in China raised a fresh round of concern about the global economic revival. The S&P/TSX composite index closed well off the lows of the session, coming back from a 182-point deficit to finish down 84.1 points at 11,679.32. U.S. earnings news from […]
5 min read
Most Asian stock markets dropped Thursday after China’s economy surged last quarter, adding to worries about Beijing’s ability to prevent overheating without derailing the recovery. European markets opened higher. Asia’s weaker trade followed sharp losses on Wall Street. The dollar gained against the yen and euro while oil prices fell after trading higher most of […]
Rising mining stocks pushed the Toronto stock market to a slight gain. Investors also took in news that the Bank of Canada is keeping its key interest rate at 0.25%. The S&P/TSX composite index gained 12.88 points to 11,763.42. The Canadian dollar was down 0.4 of a cent to 97.02 cents US. Oil prices gained […]
By Staff |January 19, 2010
1 min read
The Toronto stock market could be heading towards an early lift from rising oil and metal prices. But with New York markets closed for the Martin Luther King holiday and no economic news on tap, it could be a lacklustre session. The Canadian dollar moved 0.34 of a cent higher to 97.48 cents US. In […]
By Staff |January 18, 2010
For financial advisors and their clients, the crucible test in the year ahead will be the extent to which financial markets provide decent portfolio returns. In order to do this, I feel it is important to take a broad view of the economy and financial markets and to discuss the conditions around which markets might […]
By Peter Drake |January 18, 2010
7 min read
The Toronto stock market started the trading week off positive Monday, led by higher commodity and financial stocks. The S&P/TSX composite index closed up 65.17 points to 11,750.54 after a lukewarm start to the U.S. quarterly earnings season and moves by China to cool its economy had pushed the main index down more than two […]
2 min read
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