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The Toronto stock market snapped a four-session losing streak to surge more than 250 points, with buyers encouraged as the U.S. economy started growing again in the third quarter. The S&P/TSX composite index ran up 269.89 points or 2.5 to 11,075.22. The U.S. Commerce Department reported that U.S. gross domestic product rose at a 3.5 […]
By Staff |October 29, 2009
2 min read
The Toronto stock market sustained a sharp triple digit loss as investors took profits for a third straight day amid mixed earnings results and disappointing American consumer data. The S&P/TSX composite index tumbled 181.34 points, led by declines in mining, financial and industrial stocks. The showing added up to a loss of 480 points over […]
By Staff |October 27, 2009
Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world’s largest economy. Major Asian markets fell by about 1.5 per cent or more, with European shares shedding about 1 per cent in early trade. Oil prices dropped below $79 a barrel, while the dollar […]
3 min read
The Toronto stock market closed sharply lower after the U.S. dollar rebounded against major currencies and sent commodity prices falling. The S&P/TSX composite index fell 147.25 points to 11,234.88 on top of last week’s loss of just over one per cent. The Canadian dollar fell 1.35 cents to 93.72 cents US. The currency had also […]
By Staff |October 26, 2009
Asian stocks retreated Tuesday, following losses on Wall Street amid rising concerns the markets have gotten ahead of economic realities. European markets gained modestly. Major Asian markets dropped by around 2 per cent or more, with shares in resource companies hit after a steep fall in commodity prices overnight. Oil recovered only modestly to trade […]
The Toronto stock market finished sharply lower Friday in a broad-based decline involving all sectors and led by falling tech and energy shares. The S&P/TSX composite index dropped 151.24 points to 11,382.13, losing 122.63 points or 1.06% this week. There was no particular reason for the negative investor sentiment, which also drove New York indexes […]
By Staff |October 23, 2009
The Toronto stock market closed higher, led by gains in consumer and bank stocks. The S&P/TSX composite index finished up 91.35 points at 11,533.37. Sentiment improved after Wal-Mart said it expects sales to increase one to two per cent for the current fiscal year and four to six per cent for next year. Investors also […]
By Staff |October 22, 2009
The Toronto stock market closed sharply lower amid a late-day selloff in financial and tech stocks. The S&P/TSX composite index fell 96.1 points to 11,442.02. The Canadian dollar rose 43-100ths to 95.6 cents US a day after losing almost two cents in the wake of a strong indication by the Bank of Canada that an […]
By Staff |October 21, 2009
Higher commodity and technology stocks pushed the Toronto stock market slightly higher Tuesday with investors reassured that the Bank of Canada is leaving interest rates at 0.25% – and will likely keep rates that low until the middle of next year. The S&P/TSX composite index moved up 29.9 points to 11,568.3 as the central bank […]
By Staff |October 20, 2009
The Toronto stock market drifted to a flat close Tuesday as mixed economic news from the U.S. overshadowed the latest positive earnings reports. The S&P/TSX composite index slipped 0.27 of a point to 11,538.12 as investors were unsurprised by the Bank Canada’s decision to hold the line on interest rates at 0.25%. But currency traders […]
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