News and resources for Canada's top financial advisors
Market Insights
The Toronto stock market could get early support from energy stocks as oil prices headed higher Thursday following big slides earlier in the week. U.S. futures pointed to a higher opening ahead of employment data coming out later in the morning. The Dow Jones industrial futures climbed 63 points to 9,340, the Nasdaq futures rose […]
By Staff |September 3, 2009
4 min read
Financial and mining stocks helped send the Toronto stock market sharply higher Thursday. The S&P/TSX composite index jumped 220.17 points to 10,921.49. The gold sector was a big contributor, up almost five per cent, as gold surged $19.20 to a six-month high of US$997.70 on worries about inflation spiking as a result of massive government […]
2 min read
The Toronto market is likely headed for a lower opening on top of two days of sharp losses sparked by worries about the financial industry and prospects for a strong recovery that will justify the sharp runup in stocks for most of this year. U.S. futures also pointed to a lower open following a worse […]
By Staff |September 2, 2009
3 min read
The Toronto stock market closed positive after two days of triple digit slides thanks in large part to surging gold stocks. But sentiment was generally weak in the wake of disappointing jobs and factory orders data from the U.S. The S&P/TSX composite index added 11.54 points to 10,701.32 as the gold sector jumped 10%. The […]
There’s not much new in the world of asset allocation despite the drubbing portfolios sustained last year. Many of the best and the brightest minds, and the most researched and supported techniques, failed to save Humpty Dumpty from shattering on impact. To be sure, diversification never seems to work when fear and flight take control […]
By Mark Yamada |September 1, 2009
5 min read
North American markets were likely headed for a lower opening Tuesday ahead of key U.S. data coming out later in the morning that could provide a clue to the strength of an economic recovery. In New York, the Dow Jones industrial futures were down 52 points to 9,434, the Nasdaq futures fell 6.5 points to […]
By Staff |September 1, 2009
The Toronto stock market tumbled Tuesday for a second straight session even as data showed a reviving manufacturing sector in the United States and China. The S&P/TSX composite index fell 178.43 points to 10,689.78 as the Institute for Supply Management reported that its U.S. manufacturing index rose to 52.9 in August from 48.9 in July. […]
The Toronto stock market headed for a lower opening Monday after steep declines in Asia overnight sent ripples throughout global markets. China’s main Shanghai market retreated 6.7% while Hong Kong lost 1.9%, reflecting the growing unease among investors about government measures to restrict the lavish bank lending that has helped send markets surging this year. […]
By Staff |August 31, 2009
The Toronto stock market closed lower, led by sliding commodity stocks as investors worried about the Chinese economy faltering. The S&P/TSX composite index fell 109.76 points to 10,868.21 even as Statistics Canada reported that gross domestic product increased by 0.1%, the first time GDP has grown since July, 2008, following a 0.5% dip in May. […]
The Toronto stock market appeared headed for a higher open Friday as Bank of Nova Scotia handed in earnings that beat expectations while oil prices continued to advance. Scotiabank says its third-quarter profit fell to $931 million or 87 cents a share from a year-before $1.01 billion even as revenues increased. That was three cents […]
By Staff |August 28, 2009
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.