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Asian stocks retreated Tuesday, following losses on Wall Street amid rising concerns the markets have gotten ahead of economic realities. European markets gained modestly. Major Asian markets dropped by around 2 per cent or more, with shares in resource companies hit after a steep fall in commodity prices overnight. Oil recovered only modestly to trade […]
By Staff |October 26, 2009
2 min read
The Toronto stock market finished sharply lower Friday in a broad-based decline involving all sectors and led by falling tech and energy shares. The S&P/TSX composite index dropped 151.24 points to 11,382.13, losing 122.63 points or 1.06% this week. There was no particular reason for the negative investor sentiment, which also drove New York indexes […]
By Staff |October 23, 2009
The Toronto stock market closed higher, led by gains in consumer and bank stocks. The S&P/TSX composite index finished up 91.35 points at 11,533.37. Sentiment improved after Wal-Mart said it expects sales to increase one to two per cent for the current fiscal year and four to six per cent for next year. Investors also […]
By Staff |October 22, 2009
The Toronto stock market closed sharply lower amid a late-day selloff in financial and tech stocks. The S&P/TSX composite index fell 96.1 points to 11,442.02. The Canadian dollar rose 43-100ths to 95.6 cents US a day after losing almost two cents in the wake of a strong indication by the Bank of Canada that an […]
By Staff |October 21, 2009
Higher commodity and technology stocks pushed the Toronto stock market slightly higher Tuesday with investors reassured that the Bank of Canada is leaving interest rates at 0.25% – and will likely keep rates that low until the middle of next year. The S&P/TSX composite index moved up 29.9 points to 11,568.3 as the central bank […]
By Staff |October 20, 2009
3 min read
The Toronto stock market drifted to a flat close Tuesday as mixed economic news from the U.S. overshadowed the latest positive earnings reports. The S&P/TSX composite index slipped 0.27 of a point to 11,538.12 as investors were unsurprised by the Bank Canada’s decision to hold the line on interest rates at 0.25%. But currency traders […]
The Toronto stock market closed little changed Friday on a day when energy stocks drifted lower despite crude closing at its best level in a year and financials lost ground amid disappointing earnings reports from the U.S. financial sector. The S&P/TSX composite index added a quarter of a point to 11,504.76 as the TSX found […]
By Staff |October 19, 2009
The Toronto stock market has racked up a modest gain as further weakness in the U.S. dollar boosts commodity prices. The S&P/TSX composite index rose 33.63 points to 11,538.39 with support also coming from the banking sector. The base metals group rose amid reassurances from a top Chinese economic official that the country would surpass […]
The Toronto stock market appeared heading for a negative open Friday morning as oil prices declined, Canadian inflation headed lower and earnings from the American financial sector weighed on sentiment. The Canadian dollar was lower for a second day, down 0.54 of a cent to 96.13 cents US as Statistics Canada reported that the consumer […]
By Staff |October 16, 2009
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