Market Insights

Decorative pattern

Market Insights

Market numbers: Friday, June 26, 2009

The Toronto stock market is likely in for a lower open following two solid triple-digit advances amid a profit warning from Potash Corp. The Saskatoon-based company cut its earnings guidance Thursday due to lower than expected sales volumes as customers delay purchases and lower realized prices for phosphate fertilizers. The company said it now expects […]

By Staff |June 26, 2009

3 min read

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Market Insights

Bank stocks take TSX higher

The Toronto stock market closed slightly higher Friday as a late-day burst in financial stocks cancelled out declines in energy and gold stocks. The S&P/TSX composite index moved 33.91 points higher to 10,389.76 on top of two days of strong, triple-digit advances. The Canadian dollar was up 0.15 of a cent to 86.64 cents US. […]

By Staff |June 26, 2009

3 min read

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Market Insights

Market numbers: Thursday, June 25, 2009

The Toronto stock market could see some lift in early trading from higher oil prices while investors digest news of the U.S. Federal Reserve’s vote of confidence in the economy. But otherwise, U.S. futures pointed to a weak opening ahead of economic news. The Canadian dollar was down 0.72 of a cent to 86.05 cents […]

By Staff |June 25, 2009

3 min read

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Market Insights

Energy stocks send TSX surging; N.Y. stocks jump

Energy stocks helped the Toronto stock market gain more than 200 points for a second day in a row Thursday on hopes that small signs of economic improvement will result in the start of a recovery by the end of the year. Toronto’s S&P/TSX composite index advanced 254.92 points to 10,355.85, following a 204-point runup […]

By Staff |June 25, 2009

4 min read

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Market Insights

Market numbers: Wednesday, June 24, 2009

Investors will be looking to see if the Toronto stock market can extend a modest gain following a warning of a weak economic recovery while taking in a major deal in the Canadian oilpatch. Addax Petroleum Corp. (TSX:AXC) said Wednesday it has reached a deal that will see it acquired by Chinese oil and gas […]

By Staff |June 24, 2009

3 min read

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Market Insights

Stocks close mixed, C$ down

The Toronto stock market rose sharply Wednesday as an unexpectedly positive dose of U.S. economic data raised hopes for an economic recovery. Also, the U.S. Federal Reserve chimed in with news that although the economy will likely remain weak, the lid will be kept on inflation and the pace of contraction is slowing. "Following on […]

By Staff |June 24, 2009

4 min read

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Market Insights

Market numbers: Tuesday, June 23, 2009

The Toronto stock market is likely in for a slightly higher open, a day after a World Bank report sparked steep selloffs on North American stock markets. The main S&P/TSX composite index plunged 454 points, or 4.4%, after the World Bank warned the global economic downturn would be deeper than predicted. The biggest one-day point […]

By Staff |June 23, 2009

3 min read

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Market Insights

Energy stocks send TSX higher

The Toronto stock market closed higher Tuesday, clawing back a tiny part of the previous day’s 4.4% plunge, in large part because of energy stocks rising alongside oil prices. The main S&P/TSX composite index closed up 62.54 points to 9,896.72 following a 454-point selloff sparked by a World Bank report that warned the world economy […]

By Staff |June 23, 2009

4 min read

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Market Insights

Market numbers: Monday, June 22

North American markets Back to Top Close Change YTD Dow Jones 8,539.73 -15.87 or -0.19% -2.70% S&P 500 921.23 +2.86 or +0.31% +1.99% NASDAQ 1,827.47 +19.75 or +1.09% +15.88% TSX Composite 10,287.95 +166.45 or +1.64% +14.47% International markets Back to Top Open Change YTD Nikkei 9,826.27 +40.01 or +0.41% +10.91% Hang Seng 18,059.55 +138.62 or […]

By Staff |June 22, 2009

1 min read

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Market Insights

Global economic worries sends stocks tumbling; TSX loses, led by oils, metals

The Toronto stock market tumbled Monday as a report from the World Bank said the global economy will shrink much more than expected this year, lowering hopes for a strong economic recovery later in 2009. The main S&P/TSX composite index dropped 453.77 points or 4.4% to 9,834.18 — its first close below the 10,000 mark […]

By Staff |June 22, 2009

4 min read

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