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The Toronto stock market was likely in for a second day of losses as commodity prices retreated amid worries that the debt crisis in Dubai could derail a global economic recovery. Investors are reeling from Wednesday’s news that Dubai World, a government investment company, has asked creditors if it can postpone its forthcoming payments on […]
By Staff |November 27, 2009
3 min read
The Toronto stock market closed slightly higher as investors tried to take the Dubai credit crisis in stride, hoping that it won’t stall a global economic recovery. The S&P/TSX composite index closed 27.61 points higher at 11,464.41. The TSX had tumbled 200 points Thursday in the wake of an announcement that Dubai World, a government […]
2 min read
The Toronto stock market is in for a sharply lower opening in line with other global markets amid a new round of worries about the global financial system. The concern centres around debt problems at Dubai World, a global investment company owned by the government of Dubai. Sentiment in stocks has been dented by the […]
By Staff |November 26, 2009
Higher prices for metals and oil should give the Toronto stock market a boost at the open. New York futures also pointed to a positive start to Wednesday’s session ahead of fresh economic reports on consumer spending and new home sales. The Dow Jones futures were up 25 points to 10,430, the Nasdaq futures gained […]
By Staff |November 25, 2009
The Toronto stock market closed sharply higher Wednesday as oil and metal prices shot up and investors took in positive U.S. consumer and housing data. The S&P/TSX composite index closed up 97.27 points to 11,636.9 as the U.S. Commerce Department reported that consumer spending rose a brisk 0.7% last month, following a 0.6% pullback in […]
North American markets looked to open little changed Tuesday after data showed the U.S. economy grew at an annual rate of 2.8 per cent during the third quarter. That compares with a previous government estimate of 3.5 per cent. The new reading was a tad weaker than the 2.9 per cent revised growth rate economists […]
By Staff |November 24, 2009
The Toronto stock market closed lower following a disappointing revision to recent U.S. economic growth figures and a tepid reading on consumer sentiment. Toronto’s S&P/TSX composite index dropped 84.39 points to 11,539.63 as the U.S. economy grew at an annual rate of 2.8% in the third quarter. That compared with a previous government estimate of […]
The Toronto stock market looked set for a positive open Monday morning amid higher commodity prices and a weakening American dollar. New York futures also pointed to gains at the open as the Dow Jones industrial futures ran ahead 95 points to 10,398, the Nasdaq futures were up 15.5 points to 1,779 and the S&P […]
By Staff |November 23, 2009
The Toronto stock market closed positive as gold hit a new record high and investors took in favourable housing and retail news. The S&P/TSX composite index finished up 44.69 points at 11,624.02, led by advances in base metals and energy stocks. Statistics Canada reported that overall retail sales rose one per cent in September, which […]
North American stock markets looked set for another day of declines Friday as the U.S. dollar strengthened, commodities fell and investors looked over a disappointing earnings report from computer maker Dell Inc. In New York, the Dow Jones futures declined 69 points to 10,258, the Nasdaq futures were down 10.2 points to 1,760 while the […]
By Staff |November 20, 2009
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