Investments

A.M. market numbers: August 26, 2009

The Toronto stock market could be headed for a lower open as CIBC reported earnings that fell short of expectations while oil prices declined. CIBC reported net earnings of $434 million or $1.02 per share for the quarter ended July 31, up sharply from profits of $71 million or $1.02 per share booked a year […]

By Staff |August 26, 2009

3 min read

Inflation is the enemy of fixed income

The Bank of Canada has set its sights on the loonie, vowing to pull out all the stops if it thinks the rising dollar poses a threat to the fledgling economic recovery north of the border. But with its trendsetting bank rate at just 25 basis points, it would have to look beyond interest rate […]

By Steven Lamb |August 26, 2009

4 min read

P.M. market numbers: August 26, 2009

The Toronto stock market closed little changed Wednesday as investors balanced a disappointing earnings report from CIBC and demand concerns that pulled oil prices lower. The S&P/TSX composite index closed 8.36 points lower to 10,912.17 as CIBC reported quarterly net earnings of $434 million, up sharply from profits of $71 million a year ago. But […]

By Staff |August 26, 2009

2 min read

A.M. market numbers: August 25, 2009

North American stock markets looked set for a higher open Tuesday as Bank of Montreal kicked off the banks’ earnings season by beating expectations, while investors were relieved at reports that U.S. Federal Reserve chairman Ben Bernanke will be reappointed for another term. Bank of Montreal reported net income of $557 million or 97 cents […]

By Staff |August 25, 2009

3 min read