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The Toronto stock market could be in for a lower open Monday as oil prices declined slightly but the TSX could find support from market heavyweight Bombardier Inc. (TSX:BBD.B). A joint venture led by the Montreal-based transportation company has been awarded a US$4-billion contract to build 80 high-speed trains for China’s railway ministry that will […]
By Staff |September 28, 2009
3 min read
The Toronto stock market closed higher Monday following three straight declines. The S&P/TSX composite index gained 126.33 points to 11,338.72, recapturing about half of last week’s decline that arose from doubts about the pace of the U.S. economic recovery. Energy stocks advanced as oil gained 82 cents to US$66.84 a barrel after losing almost nine […]
2 min read
The Toronto stock market headed for a lower open Friday after BlackBerry maker Research In Motion Ltd. delivered an earnings report after the close Thursday that disappointed investors with its outlook and most recent revenues. U.S. stock futures pointed to a modestly higher open after two days of losses as the Dow Jones futures were […]
By Staff |September 25, 2009
The Toronto stock market closed lower Friday, weighed down by a selloff of BlackBerry maker Research In Motion Ltd. after the market heavyweight delivered a disappointing earnings report. The S&P/TSX composite index lost 73.37 points to 11,212.39, closing out the week 233.56 points or 2.04% lower amid worries about the sustainability of this year’s rally. […]
The Toronto stock market looked set for a listless open Thursday as oil prices continued to weaken and despite U.S. Federal Reserve’s assertion that the pace of economic activity has improved since August. U.S. futures also pointed to a weak open with the Dow Jones futures up a point to 9,718, the Nasdaq futures rose […]
By Staff |September 24, 2009
North American stock markets looked to be heading for a slightly higher open ahead of a U.S. Federal Reserve afternoon announcement on interest rates. While the U.S. central bank is widely expected to keep its benchmark interest rate at a record low of near zero, investors are hoping for more clues about the strength of […]
By Staff |September 23, 2009
The Toronto stock market closed lower Wednesday as energy stocks pulled back and the U.S. Federal Reserve offered a cautious outlook on an economic recovery. The S&P/TSX composite index closed 68.19 points lower at 11,517.54 after the U.S. Federal Reserve announced at the conclusion of its meeting on interest rates that it was keeping its […]
North American markets looked set for a higher opening Tuesday amid hopes for a strong economic rebound. The Dow Jones industrial futures headed 64 points higher to 9,782, the Nasdaq moved up 10.75 points to 1,738.5 and the S&P 500 futures advanced 7.7 points to 1,068.1. Canadian conglomerate Onex Corp. (TSX:OCX) will be in focus […]
By Staff |September 22, 2009
The Toronto stock market ran ahead Tuesday in a broad-based advance led by mining and energy stocks as a weak U.S. dollar helped drive commodity prices higher. The S&P/TSX composite index gained 161.12 points to 11,585.73. The TSX energy sector rose 1.93% as the October crude contract on the New York Mercantile Exchange rose $1.84 […]
The Toronto stock market headed for a lower opening Monday as investors appear ready take some profits following another week of strong gains. Overseas markets were also lower and U.S. futures pointed to a weak open as investors look to this week’s Federal Reserve meeting for more clues about the strength of the U.S. recovery. […]
By Staff |September 21, 2009
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