Market Insights

Decorative pattern

Market Insights

The shape of the recovery

There is enough evidence that the majority of the world’s economies are moving toward recovery that much of the discussion is now focusing on when we will actually move into recovery mode and what shape it will take. We will be in an economic recovery when the economy in question is actually growing. A slower […]

By Peter Drake |July 3, 2009

5 min read

Decorative pattern

Market Insights

Market wrap: July 3, 2009

The Toronto stock market ended the week flat as investors weighed weak oil prices with good news out of the base metals sector. The S&P/TSX composite index inched up 37.19 points to 10,283.10 Friday, led by news that mining giant Teck Resources Ltd. has sold a 17.5% stake in the company to lighten its debt […]

By Staff |July 3, 2009

3 min read

Decorative pattern

Market Insights

Market numbers: Thursday, July 2, 2009

North American markets appear headed for a lower open as investors cope with concerns about rising unemployment in the U.S. The U.S. Labor Department’s unemployment figures for last month are due out before the markets open. Economists expect the country’s jobless rate rose to 9.6% last month from 9.4% in May, potentially marking a 26-year […]

By Staff |July 2, 2009

2 min read

Decorative pattern

Market Insights

Canadian, U.S. markets tumble on worse than expected jobs data, lower oil prices

The energy sector led the Toronto stock market to a lower close Thursday amid disappointing data that showed the U.S. unemployment rate at its highest point since 1983. The S&P/TSX composite index was down 129 points at 10,245.91 as the August crude contract on the New York Mercantile Exchange fell US$2.58 to $66.73 a barrel […]

By Staff |July 2, 2009

3 min read