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The Toronto stock market closed little changed Friday on a day when energy stocks drifted lower despite crude closing at its best level in a year and financials lost ground amid disappointing earnings reports from the U.S. financial sector. The S&P/TSX composite index added a quarter of a point to 11,504.76 as the TSX found […]
By Staff |October 19, 2009
2 min read
The Toronto stock market has racked up a modest gain as further weakness in the U.S. dollar boosts commodity prices. The S&P/TSX composite index rose 33.63 points to 11,538.39 with support also coming from the banking sector. The base metals group rose amid reassurances from a top Chinese economic official that the country would surpass […]
The Toronto stock market appeared heading for a negative open Friday morning as oil prices declined, Canadian inflation headed lower and earnings from the American financial sector weighed on sentiment. The Canadian dollar was lower for a second day, down 0.54 of a cent to 96.13 cents US as Statistics Canada reported that the consumer […]
By Staff |October 16, 2009
3 min read
The Toronto stock market could be headed for a lower open amid flat oil prices ahead of the release of U.S. inventory data and investor disappointment with Goldman Sachs Group Inc.’s investment banking revenue in the latest quarter. New York futures pointed to a lower open a day after positive earnings reports from JPMorgan Chase […]
By Staff |October 15, 2009
The Toronto stock market drifted to a lower finish Thursday even as oil hit a one-year high amid disappointment with earnings reports from two U.S. banking giants. The S&P/TSX composite index declined 28.27 points to 11,504.51.The loonie fell 0.81 of a cent to 96.67 cents U.S. after a weak U.S. dollar sent the loonie up […]
North American stock markets headed for an open well into positive territory Wednesday after chip giant Intel Corp. and American bank JPMorgan Chase & Co. delivered solid earnings reports. The Toronto market will particularly benefit from another spike in oil prices. The Dow Jones industrial futures jumped 113 points to 9,922, the Nasdaq futures advanced […]
By Staff |October 14, 2009
The Toronto stock market cruised to a solid gain Wednesday and Dow Jones industrial average broke through the psychologically important 10,000 mark amid key earnings reports and a better than expected reading on retail sales in the United States. Toronto’s S&P/TSX composite index closed up 119.24 points to 11,532.78, while the Dow Jones industrial average […]
The Canadian dollar was at its highest level in well over a year Tuesday as the American greenback weakened and commodity prices continued to climb. The loonie was up 1.43 cents in early trading from the previous close Friday after surging 3.37 cents US last week. It was at 97.18 cents, its highest since August […]
By Staff |October 13, 2009
4 min read
The Toronto stock market closed slightly lower Tuesday, supported by commodity stocks on advancing oil prices and record high gold prices and pulled down by financial stocks in the wake of a downgrade in the American banking sector. Trading was also sluggish following a disappointing earnings report from U.S. health-care giant Johnson & Johnson and […]
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