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Market Insights
The Toronto stock market closed higher on positive news prior to the release of the main piece of economic data for the week – the U.S. government’s October non-farms payroll report. The S&P/TSX composite index jumped 109.5 points to 11,180.7. The Canadian dollar was off 0.17 of a cent at 93.83 cents US. Investors were […]
By Staff |November 5, 2009
2 min read
North American stock markets were likely in for a higher opening Wednesday ahead of an afternoon announcement by the U.S. Federal Reserve on interest rates and the central bank’s latest appraisal of the economy. The Dow Jones futures rose 47 points to 9,764, the Nasdaq futures gained 4.75 points to 1,680.25 and the S&P futures […]
By Staff |November 4, 2009
4 min read
North American stock markets appeared set for a lower open Tuesday as doubts continue about whether the strength of an economic rebound can sustain the sharp run-up in stocks over most of the last eight months. The Dow Jones futures fell 66 points to 9,669, the Nasdaq futures lost 9.5 points to 1,659.5 while the […]
By Staff |November 3, 2009
3 min read
The Toronto stock market moved into positive territory mid-morning Monday as American economic data and a solid quarterly profit from Ford Motor Co. helped balance a downturn in tech heavyweight Research In Motion Ltd. The S&P/TSX composite index was up 44.3 points to 10,955.1. Fresh doubts about the strength of an economic recovery pushed the […]
By Staff |November 2, 2009
The Toronto stock market closed slightly lower Monday, extending last week’s steep losses loss despite good U.S. economic news and a solid profit report from Ford Motor Co. The S&P/TSX composite index fell 32.4 points to 10,878.35, with the market also weighed down by an analyst’s downgrade of BlackBerry maker Research In Motion Ltd. The […]
Catastrophe in capital markets is always characterized by a lack of liquidity. No exceptions. Significant imbalances between buyers and sellers (widened bid-ask spreads) can create market gaps. Occasionally this happens to the upside but predominately it occurs on the downside. Take as examples what happened in October 1987, September 2001, and the fourth quarter of […]
By Mark Yamada |November 1, 2009
If Macquarie’s able to achieve what it has set out to do with the recently purchased Blackmont Capital – effectively create a boutique broker/advisor shop with an international deal flow – it could drastically alter the way brokers do business in Canada. The transactional nature of broker businesses have generally ridden out the storm much […]
By Mark Noble |November 1, 2009
5 min read
Asian stock markets snapped three days of losses Friday after the U.S. economy broke out of a yearlong slump, spurring hopes of improved demand for the region’s exports. European shares were mixed. Major benchmarks from Tokyo to Sydney gained 1.5 per cent while a few markets failed to hold their gains and ended slightly down. […]
By Staff |October 30, 2009
The Toronto stock market tumbled as the Canadian economy shrank in August while a drop in U.S. consumer spending raised worries about economic growth being excessively driven by government stimulus measures. The S&P/TSX composite index fell 164.47 points or 1.49% to 10,910.75 as gross domestic product shrank 0.1% against an expected 0.1% rise. The loonie […]
Stock futures are pointing to a modestly higher opening Thursday as investors await a key reading on the nation’s economic health. Overseas markets were mixed. Investors have spent the past couple of months hunting for clues of just how much the economy has recovered from its depths earlier this year. Thursday’s gross domestic product reading […]
By Staff |October 29, 2009
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