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The Toronto stock market closed lower Friday, weighed down by a selloff of BlackBerry maker Research In Motion Ltd. after the market heavyweight delivered a disappointing earnings report. The S&P/TSX composite index lost 73.37 points to 11,212.39, closing out the week 233.56 points or 2.04% lower amid worries about the sustainability of this year’s rally. […]
By Staff |September 25, 2009
2 min read
The Toronto stock market looked set for a listless open Thursday as oil prices continued to weaken and despite U.S. Federal Reserve’s assertion that the pace of economic activity has improved since August. U.S. futures also pointed to a weak open with the Dow Jones futures up a point to 9,718, the Nasdaq futures rose […]
By Staff |September 24, 2009
3 min read
North American stock markets looked to be heading for a slightly higher open ahead of a U.S. Federal Reserve afternoon announcement on interest rates. While the U.S. central bank is widely expected to keep its benchmark interest rate at a record low of near zero, investors are hoping for more clues about the strength of […]
By Staff |September 23, 2009
The Toronto stock market closed lower Wednesday as energy stocks pulled back and the U.S. Federal Reserve offered a cautious outlook on an economic recovery. The S&P/TSX composite index closed 68.19 points lower at 11,517.54 after the U.S. Federal Reserve announced at the conclusion of its meeting on interest rates that it was keeping its […]
North American markets looked set for a higher opening Tuesday amid hopes for a strong economic rebound. The Dow Jones industrial futures headed 64 points higher to 9,782, the Nasdaq moved up 10.75 points to 1,738.5 and the S&P 500 futures advanced 7.7 points to 1,068.1. Canadian conglomerate Onex Corp. (TSX:OCX) will be in focus […]
By Staff |September 22, 2009
The Toronto stock market ran ahead Tuesday in a broad-based advance led by mining and energy stocks as a weak U.S. dollar helped drive commodity prices higher. The S&P/TSX composite index gained 161.12 points to 11,585.73. The TSX energy sector rose 1.93% as the October crude contract on the New York Mercantile Exchange rose $1.84 […]
The Toronto stock market headed for a lower opening Monday as investors appear ready take some profits following another week of strong gains. Overseas markets were also lower and U.S. futures pointed to a weak open as investors look to this week’s Federal Reserve meeting for more clues about the strength of the U.S. recovery. […]
By Staff |September 21, 2009
The Toronto stock market closed slightly lower Monday as investors took a break after sending the TSX up for a fourth week in a row. The S&P/TSX composite index drifted 21.34 points lower to 11,424.61 after the main index ran ahead 193 points or 1.7% last week. A stronger U.S. currency pushed the Canadian dollar […]
The Toronto stock market looked set for another flat start to the trading day Friday amid a dearth of market-moving corporate news and economic data. The main TSX index drifted 27 points lower Thursday, breaking a solid five-day advance that netted more than 500 points as investors grow more confident about an economic recovery. New […]
By Staff |September 18, 2009
Sliding gold and energy stocks led the way to a sharp loss on the Toronto stock market Friday, but the main index racked up gains for the week as investors grew more confident about an economic recovery. The S&P/TSX composite index fell 82.28 points to 11,445.95 gaining 192.72 points or 1.71% this week, led by […]
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