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The Toronto stock market closed sharply higher Wednesday as oil and metal prices shot up and investors took in positive U.S. consumer and housing data. The S&P/TSX composite index closed up 97.27 points to 11,636.9 as the U.S. Commerce Department reported that consumer spending rose a brisk 0.7% last month, following a 0.6% pullback in […]
By Staff |November 25, 2009
3 min read
North American markets looked to open little changed Tuesday after data showed the U.S. economy grew at an annual rate of 2.8 per cent during the third quarter. That compares with a previous government estimate of 3.5 per cent. The new reading was a tad weaker than the 2.9 per cent revised growth rate economists […]
By Staff |November 24, 2009
The Toronto stock market closed lower following a disappointing revision to recent U.S. economic growth figures and a tepid reading on consumer sentiment. Toronto’s S&P/TSX composite index dropped 84.39 points to 11,539.63 as the U.S. economy grew at an annual rate of 2.8% in the third quarter. That compared with a previous government estimate of […]
2 min read
The Toronto stock market looked set for a positive open Monday morning amid higher commodity prices and a weakening American dollar. New York futures also pointed to gains at the open as the Dow Jones industrial futures ran ahead 95 points to 10,398, the Nasdaq futures were up 15.5 points to 1,779 and the S&P […]
By Staff |November 23, 2009
The Toronto stock market closed positive as gold hit a new record high and investors took in favourable housing and retail news. The S&P/TSX composite index finished up 44.69 points at 11,624.02, led by advances in base metals and energy stocks. Statistics Canada reported that overall retail sales rose one per cent in September, which […]
North American stock markets looked set for another day of declines Friday as the U.S. dollar strengthened, commodities fell and investors looked over a disappointing earnings report from computer maker Dell Inc. In New York, the Dow Jones futures declined 69 points to 10,258, the Nasdaq futures were down 10.2 points to 1,760 while the […]
By Staff |November 20, 2009
The Toronto stock market closed slightly lower, pressured by falling energy stocks as demand concerns and a rising U.S. dollar pushed crude prices down. The S&P/TSX composite index backed off 20.97 points to 11,579.33, down for a second day on another rising tide of concern about whether the market has advanced too quickly relative to […]
North American stock markets headed for a lower open Thursday amid a new wave of doubt about the strength of an economic rebound. The Dow Jones industrial futures backed off 59 points to 10,435, the Nasdaq futures were down 13.8 points to 1,786.8 while the S&P 500 futures declined 8.4 points to 1,100. The Canadian […]
By Staff |November 19, 2009
The Toronto stock market finished lower on worries about the pace of an economic rebound, downgrades in the tech sector and concerns about financial stocks amid moves to raise more capital. The S&P/TSX composite index closed down 52.39 points at 11,600.3 as the Organization for Economic Co-operation and Development increased its forecast for economic growth […]
Asian stocks were mixed Wednesday amid investor caution following the recent advance in the region’s markets. European shares rose modestly in early trade. Gold, meanwhile, set another record high and crude oil prices strengthened as the dollar resumed its slide, falling against the yen and the euro. The directionless trade in Asia followed an erratic […]
By Staff |November 18, 2009
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