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Higher oil prices could give some early support to the Toronto stock market Thursday morning. Otherwise, stocks looked to be headed for a weak session as investors looked for more evidence of an economic recovery. The Canadian dollar was lower ahead of the Bank of Canada’s scheduled announcement on interest rates half an hour before […]
By Staff |September 10, 2009
3 min read
Higher energy and gold stocks took the Toronto stock market higher Thursday while the Bank of Canada said that economic growth could be stronger than it predicted in July. The S&P/TSX composite index closed up 154.83 points to 11,155. The TSX energy sector led advancers as the price of oil in New York moved up […]
2 min read
The Toronto stock market could benefit from energy stocks at the open on Wednesday as a weaker American currency continued to send oil prices higher. U.S. stocks headed toward a flat opening as the Dow Jones industrials inched up two points to 9,498, the Nasdaq futures declined 2.5 points to 1,652.8 while the S&P 500 […]
By Staff |September 9, 2009
4 min read
The Toronto stock market headed for a positive open as economic optimism helped send oil prices higher while gold moved over US$1,000 an ounce. U.S. futures also pointed to a higher open as the Dow Jones industrial futures advanced 89 points to 9,506, the Nasdaq futures gained 15.75 points to 1,651.5 and the S&P 500 […]
By Staff |September 8, 2009
The Toronto stock market closed at its highest level of the year as a weak U.S. dollar sent oil and metal prices higher. There was also optimism over a weekend pledge by the world’s 20 biggest economies to support the global recovery with stimulus efforts. The S&P/TSX composite index closed up 87.83 points at 11,105.3, […]
The Toronto stock market closed higher thanks to gains in energy and financial stocks as investors reacted to better than expected August job reports. The S&P/TSX composite index closed up 95.98 points to 11,017.47 as the Canadian economy added 27,100 jobs in August. The showing was much better than the loss of 22,000 jobs that […]
By Staff |September 4, 2009
I do a lot of flying across Canada. Because of that, I am conscious of the fact that most of the time, the plane almost lands itself (and, if you happen to be in the right plane at the right airport, it completely lands itself). But sometimes, the pilot is required to take over and […]
By Peter Drake |September 3, 2009
6 min read
The Toronto stock market could get early support from energy stocks as oil prices headed higher Thursday following big slides earlier in the week. U.S. futures pointed to a higher opening ahead of employment data coming out later in the morning. The Dow Jones industrial futures climbed 63 points to 9,340, the Nasdaq futures rose […]
By Staff |September 3, 2009
Financial and mining stocks helped send the Toronto stock market sharply higher Thursday. The S&P/TSX composite index jumped 220.17 points to 10,921.49. The gold sector was a big contributor, up almost five per cent, as gold surged $19.20 to a six-month high of US$997.70 on worries about inflation spiking as a result of massive government […]
The Toronto market is likely headed for a lower opening on top of two days of sharp losses sparked by worries about the financial industry and prospects for a strong recovery that will justify the sharp runup in stocks for most of this year. U.S. futures also pointed to a lower open following a worse […]
By Staff |September 2, 2009
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