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The Toronto stock market closed slightly higher Friday as oil prices resumed their climb amid investor optimism that the recession is over, at least in Canada. The S&P/TSX composite index edged up 12.22 points to finish the week at 10,687.90. The index was u 3% on the week, its second positive week in a row. […]
By Staff |July 24, 2009
2 min read
The Toronto stock market could be off to a negative start as energy sector heavyweight EnCana Corp. (TSX:ECA) delivered sharply lower earnings and oil prices declined. The S&P/TSX composite index slid 83 points on Wednesday, its second lower close in a row. But prior to those losses, the market had surged about 800 points over […]
By Staff |July 23, 2009
3 min read
The Toronto stock market roared ahead Thursday as investors were encouraged by the Bank of Canada’s pronouncement that the recession will end this quarter and looked past sharply lower earnings from commodity sector heavyweights. The main S&P/TSX composite index jumped 243.33 points to 10,675.68 following two days of losses. The Bank of Canada also projected […]
The Toronto stock market could be in for a negative showing at the open Wednesday amid lower oil prices and deteriorating earnings in the energy industry. The TSX edged 25 points lower Tuesday, breaking a six-session winning streak that sent the main index up almost 800 points in the wake of positive second quarter earnings […]
By Staff |July 22, 2009
The Toronto stock market closed lower for a second session as gains in mining stocks were offset by sliding energy and industrial stocks. The S&P/TSX composite index fell 82.97 points to 10,432.35. The main index’s 25-point dip Tuesday broke a six-session winning streak that sent the main index up almost 800 points. Other analysts warned […]
The Toronto stock market could be in for a positive showing for a seventh session in a row Tuesday. Earnings news continues to impress while investors look ahead to the Bank of Canada’s scheduled announcement on interest rates. The central bank is expected to keep its interest rate unchanged at a quarter point. But investors […]
By Staff |July 21, 2009
4 min read
The Toronto stock market closed lower despite another series of positive earnings reports and optimistic outlooks. The S&P/TSX composite index broke a six-session winning streak, falling 25.39 points to 10,515.32. The drop came after the main index jumped almost 800 points in recent days, riding a wave of higher oil prices and earnings reports that […]
The Toronto stock market was set to get a lift Monday from higher oil prices and reports that U.S. commercial lender CIT Group has agreed with key bondholders on a deal that will help it avoid bankruptcy. The TSX jumped 622 points or 6.38% last week as a string of U.S. earnings reports raised hopes […]
By Staff |July 20, 2009
The Toronto stock market finished sharply higher Monday, extending its winning streak to six sessions on the likelihood that a major U.S. financial institution will avoid bankruptcy while improving sentiment send commodity prices higher. The S&P/TSX composite index jumped 171.29 points to 10,540.71, following a surge of more than six per cent last week as […]
The Toronto stock market appeared headed for a lower open Friday following mixed earning results in the United States and lower commodity prices. The main TSX index is coming off four days of substantial gains that have yielded 557 points or 5.7% as a string of better than expected earnings reports from the likes of […]
By Staff |July 17, 2009
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