News and resources for Canada's top financial advisors
Market Insights
The Toronto stock market kicked off 2010 trading with a solid advance as encouraging manufacturing data from the U.S. and China sent commodity prices higher. The S&P/TSX composite index closed up 120.79 points to 11,866.9. The Institute for Supply Management’s U.S. manufacturing index rose to a better-than-expected 55.9 last month from 53.6 in November. A […]
By Staff |January 4, 2010
1 min read
Life
Retirement planning has changed dramatically over the past few years. The recent world market volatility has felt too much like a broken CNE roller coaster ride – a mixture of thrills and nausea. But no matter how frightened investors are of the ride, they’re always ready to buy another ticket in anticipation. Hopefully, with history […]
By David Wm. Brown |January 1, 2010
3 min read
ScotiaMcLeod’s Portfolio Advisory Group conducted a report, “Charting a Course with Cautious Optimism,” on the 2010 outlook for Canadian Equity Markets. Some highlights include: Financials (Banks): “While it is conceivable the Canadian banks could fluctuate in price over the coming quarters as high expectations have already been built into their share prices, ScotiaMcLeod remains bullish […]
By Staff |January 1, 2010
2 min read
North American stock markets appeared heading for a slightly higher open Thursday as investors look back on a year of strong gains on the main indexes. The Dow Jones industrial futures rose 10 points to 10,500, the Nasdaq futures climbed 2.25 points to 1,879, while the S&P 500 futures rose 2.2 points to 1,124.3. The […]
By Staff |December 31, 2009
The Toronto stock market headed for a lower open Wednesday as a stronger American dollar pulled down oil and bullion prices and 2009 trading winds down. The Canadian dollar moved down 0.45 of a cent to 95.35 cents US. U.S. futures also pointed to a negative open with the Dow Jones industrial futures 50 points […]
By Staff |December 30, 2009
As an advisor you often encounter clients anxious to know whether they should diversify internationally. While more and more Canadians are looking at overseas opportunities, for the most part, even if the investment they are contemplating is based in one of the strongly emerging economies, they are usually interested in acquiring U.S.-denominated instruments. Your advice […]
By Don McIver |December 30, 2009
6 min read
The Toronto stock market closed little changed. The TSX was balanced by higher telecom stocks and lower mining shares amid positive data from the U.S. manufacturing sector. The S&P/TSX composite index closed up 15.65 points to 11,717.46 on thin volume as 2009 trading winds down. Markets had little response to a key economic indicator that […]
North American stock markets headed for a higher open Tuesday prior to the release of key data on U.S. consumer confidence and home prices. The Canadian dollar was ahead 0.99 of a cent from Thursday’s pre-holiday close to 96.24 cents US. The Dow Jones industrial futures gained 33 points to 10,520, the Nasdaq futures rose […]
By Staff |December 29, 2009
Falling materials stocks helped push the Toronto stock market lower. The S&P/TSX composite index moved down 52.8 points to 11,701.81. The Canadian dollar was up 0.55 of a cent to 95.8 cents US; oil rose a dime at US$78.87 a barrel, while gold declined $9.80 to US$1,098.10 an ounce. New York’s Dow Jones industrial average […]
The Toronto stock market held on to a modest gain Thursday as U.S. economic data raised hopes that the economic rebound is on track, while rising oil and metal prices lifted commodity stocks. The S&P/TSX composite index was off earlier highs but still ahead 28.9 points at 11,687.5. A report from the U.S. Commerce Department […]
By Staff |December 24, 2009
4 min read
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