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Market Insights
The Toronto stock market closed little changed with the market weighed down by financials amid growing caution about the threat posed by high government debt levels. The S&P/TSX composite index finished the day up 10.29 points to 11,379.22, supported by mining stocks. The Canadian dollar rose 0.84 US cent to 94.83 cents US. Investor nervousness […]
By Staff |December 9, 2009
1 min read
The Toronto stock market appeared headed for a fourth negative session as a rising American currency helped depress commodity prices and investors awaited an announcement by the Bank of Canada on interest rates later in the morning. The Canadian dollar was down to 94.84 cents US ahead of the announcement. Economists expect the central bank […]
By Staff |December 8, 2009
3 min read
The Toronto stock market closed lower as a stronger greenback weakened commodities. Investors also worried about downgrades of government credit ratings. The S&P/TSX composite index dropped 120.7 points to 11,369. Moody’s Investor Services warned that the United States and Britain must get a grip on their public finances to avoid threats to their top, Triple-A […]
2 min read
The Toronto stock market headed for a lower opening Monday as a surging American currency sent commodity prices lower. The Canadian dollar was down 0.12 of a cent to 94.41 cents US. U.S. futures also pointed to a negative open amid investor nervousness about this week’s U.S. Federal Reserve meeting on interest rates. The Dow […]
By Staff |December 7, 2009
The Toronto stock market closed slightly lower, weighed down by commodity stocks as prices faltered. The S&P/TSX composite index lost 21.17 points to 11,489.63 while the Canadian dollar moved up 0.45 of a cent to 94.98 cents U.S. a day before the Bank of Canada makes its next announcement on interest rates. The gold sector […]
North American markets headed for a strong open after American jobs data for November blew past expectations. The U.S. Labour Department said that 11,000 people lost their jobs last month, far below the 120,000 that had been expected. The jobless rate came in at 10%, down from 10.2% in October. And there were major revisions […]
By Staff |December 4, 2009
The Toronto stock market closed lower Friday as strength in the greenback punished commodity stocks and Royal Bank lost ground even as the bank met expectations in its latest earnings report. The S&P/TSX composite index dropped 125.75 points to 11,510.8, weighed down by a sharp decline in the gold sector. The TSX finished up 46.39 […]
4 min read
Even though it looks like the market has recovered from the 2008 losses, the experience is not exactly a distant memory for most clients. Some haven’t blinked an eye but others have realized that preserving assets is more important to them than they originally thought. This year’s fund data tells the story. Millions sit in […]
By Deanne Gage |December 3, 2009
Money market funds (MMFs) – the biggest selling class of mutual funds in nine of the past 13-month periods – are decidedly an important part of the Canadian investment landscape. Assets held by MMFs totalled $73.1 billion at the end of May 2009, an increase of more than 50% since May 2007, according to the […]
By James Hymas |December 3, 2009
7 min read
The Toronto stock market fell sharply Thursday in a broad-based decline despite solid earnings reports from two of the big Canadian banks as investors opted for caution ahead of Friday’s U.S. non-farm jobless report. The S&P/TSX composite index declined 143.18 points to 11,636.55 with a report showing a surprising contraction of the U.S. service industry […]
By Staff |December 3, 2009
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