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The Toronto stock market could be headed for a flat open Thursday as oil and gold prices backed off slightly while investors take in data showing Canada’s annual inflation rate was firmly in negative territory in August for the third consecutive month. Statistics Canada reported that the annual rate of inflation was negative 0.8% last […]
By Staff |September 17, 2009
3 min read
The Toronto stock market snapped a five-session winning streak Thursday, pulled lower by a sharp drop in base metal and gold stocks. The S&P/TSX composite index lost 27.37 points to 11,528.23 near the end of a strong trading week in which optimism about economic recovery had sent the main TSX index running ahead to its […]
2 min read
The Toronto stock market looked to open higher Wednesday, supported by gold stocks as bullion prices ran ahead on a weaker U.S. dollar. New York markets also headed for a stronger open a day after Federal Reserve chairman Ben Bernanke said the U.S. recession was likely over. The Dow Jones industrial futures were ahead 47 […]
By Staff |September 16, 2009
The Toronto stock market closed higher for a fifth session Wednesday amid positive industrial data from Canada and the U.S. The Toronto energy and gold sectors led the way to a gain of 59.77 points to 11,555.6 on the main S&P/TSX composite index, its highest close since the end of September, 2008. The solid showing […]
North American stock markets appeared heading for a sluggish open as investors look to a trio of U.S. economic reports coming out during the morning that could provide insight into any potential economic recovery. The Toronto stock market could find traction at the open from higher oil prices as investors weigh concerns about weak crude […]
By Staff |September 15, 2009
The Toronto stock market racked up a solid advance Tuesday as commodity prices rose and investors took in better than expected retail sales figures from the United States. The S&P/TSX composite index ran up 163.79 points to 11,495.83 on hopes that the economic recovery is taking hold and third-quarter earnings won’t disappoint. The TSX energy […]
A brewing trade dispute between the United States and China soured Monday’s stock market outlook, with major futures indexes in New York falling modestly in premarket trading. Downward movement in the price of oil will also likely be a major anchor for the Toronto Stock Market, which ended last week with a 98.23 point rise […]
By Staff |September 14, 2009
The Toronto stock market closed higher for a third consecutive session Monday as rising financial and energy stocks made up for losses in the mining sector amid rising trade tensions between China and the United States. Toronto’s S&P/TSX composite index closed up 78.81 points to 11,332.04, adding to last week’s rise of just over two […]
North American markets appeared set to tread water Friday after building up steam a day earlier on increasing indications that global economic recovery is either under way or about to begin. Stock futures were just into positive territory ahead of the opening bell as investors look to extend New York’s gains into a sixth straight […]
By Staff |September 11, 2009
Gold futures raced past the $1,000-mark, and helped the Toronto stock market close another positive session. The S&P/TSX composite index ended the day ahead 98.23 points to 11,253.23. That was after the December bullion contract picked up $9.60 to close at US$1,006.40 an ounce in trading in New York. The Canadian dollar rose 0.01 of […]
1 min read
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