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Chinese moves to rein in strong economic growth and disappointing earnings from aluminum giant Alcoa Inc. pushed the Toronto stock market lower. The S&P/TSX composite index tumbled 126.95 points to 11,820.18. The Canadian dollar was down 0.54 of a cent to 96.22 cents US, and oil fell $1.73 to US$80.79 a barrel. Alcoa earnings came […]
By Staff |January 12, 2010
2 min read
The Toronto stock market appeared headed for a positive open Monday as commodity prices shot up in the wake of bullish Chinese economic data. The Canadian dollar moved up 0.43 of a cent to a three-month high of 97.43 cents US. Investors were encouraged by a surprisingly strong rebound in China’s exports in December, jumping […]
By Staff |January 11, 2010
4 min read
The Toronto stock market closed little changed but mining stocks found lift from strong Chinese economic data. The S&P/TSX composite index was off 6.7 points to 11,947.13 amid data showing that China’s exports jumped 18% in December, much more than the 5% increase that had been expected. It was also the first increase in more […]
North American stock markets headed for a lower open as employment reports in the U.S. and Canada widely missed expectations. The U.S. Labour Department said that the American economy lost another 85,000 jobs during December. Economists had expected a flat showing, or perhaps a slight job loss of around 1,000. A sharp drop in the […]
By Staff |January 8, 2010
3 min read
The Toronto stock market registered a solid advance Friday despite employment reports for December from Canada and particularly the United States that widely missed expectations. The S&P/TSX composite index moved up 66.32 points to 11,953.83. The main index ran up 1.76% this week with investors satisfied that the general trend shows economic conditions are improving. […]
The Toronto stock market could be headed for a weak open after five positive sessions amid lower oil prices. Investors are also looking to December retail figures in the U.S. and awaiting key employment data on Friday. The Canadian dollar was unchanged at 96.85 cents US. U.S. futures pointed to a lower open with the […]
By Staff |January 7, 2010
They go by a lot of names. Third markets, ECNs, dark pools, but their conventional moniker is Alternative Trading Systems. These off-exchange venues are finally gaining ground in Canada, after making a big splash in the U.S. a decade ago. And recent entry of some major clearance, settlement, and back office players into the Canadian […]
By Philip Porado |January 7, 2010
The Toronto stock market snapped a five-day positive run Thursday in a broad-based decline as investors held off on making big commitments ahead of the release Friday of the U.S. non-farm payrolls report for December. The S&P/TSX composite index closed down 57.03 points at 11,887.51, with declines led by telecom and energy stocks. The Canadian […]
The Toronto stock market could be headed for a lower opening Wednesday amid lower oil prices while data showed the U.S. private sector shed fewer jobs than expected last month. The Canadian dollar rose 0.11 of a cent to 96.36 cents US. U.S. futures pointed to a weak open with the Dow Jones industrial futures […]
By Staff |January 6, 2010
The positive start to 2010 trading continued Wednesday on the Toronto stock market as commodity stocks continued to benefit from higher prices for oil and metals. The S&P/TSX composite index moved 56.46 points higher to 11,944.54 while investors took in mixed U.S. economic data on employment and the service sector. The TSX was up for […]
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