News and resources for Canada's top financial advisors
Market Insights
The Toronto stock market looked set for a lower open Wednesday following steep declines on Asian markets overnight, reflecting investor worries that the long-running rally that started late last winter has run its course for the time being. In Shanghai, the main index plunged over 5% at one point before closing down 125.30 points, or […]
By Staff |August 19, 2009
3 min read
The Toronto stock market closed little changed Wednesday at the end of a volatile session amid worries about a global economic recovery. The S&P/TSX composite index closed 12.99 points higher to 10,686.83, lifted by gains in the financials sector, after initially tumbling more than 150 points after China’s benchmark Shanghai index plunged more than four […]
2 min read
North American markets looked set to open higher Tuesday after fresh concerns about a U.S. economic recovery sent indexes around the world tumbling. The Dow Jones industrial futures were 49 points higher to 9,169 after the blue-chip index fell 186 points on Monday. The Nasdaq futures were up 9.8 points to 1,576 while the S&P […]
By Staff |August 18, 2009
Higher commodity stocks led the way to a sharply higher close on the Toronto stock market Tuesday as the market clawed back some of a selloff Monday that was triggered by worries about doubtful consumer strength in a U.S. economic recovery. The S&P/TSX composite index gained 142.25 points to 10,673.84. The main index fell 316 […]
The Toronto stock market was in for a sharply lower open Monday morning, joining a dismal performance on world markets amid worries about U.S. consumer spending. Those concerns were apparent at the end of last week after a sharp drop in the Reuters/University of Michigan consumer sentiment index, which followed a surprisingly weak July retail […]
By Staff |August 17, 2009
The Toronto stock market joined other indexes around the world in a sharp sell-off as investors sold off on worries that the U.S. consumer won’t be much help in building a strong economic recovery. The S&P/TSX composite index fell 316.42 points or 2.92% to 10,531.59 after consumer weakness surfaced Friday in a sharp falloff in […]
The Toronto stock market could get some early lift from higher oil prices Friday. Investors will also be taking in some key U.S. economic reports during the morning. The S&P/TSX composite index jumped 166 points on Thursday as investors brushed off data showing that U.S. retail sales unexpectedly dropped last month. Economists had expected a […]
By Staff |August 14, 2009
The Toronto stock market closed slightly higher Friday, but lost ground on the week, following a second glum dose of U.S. economic data that raised doubt about how much the American consumer can participate in the recovery. The S&P/TSX composite index finished off the lows of the session as early losses in the financial sector […]
4 min read
The Toronto stock market appeared headed for a positive open Thursday morning after the U.S. Federal Reserve reinforced belief that the American economy is improving. The TSX finished higher Wednesday, up 30 points after two days of sharp losses, after the central bank said at the end of its two-day meeting that the economy appears […]
By Staff |August 13, 2009
The Toronto stock market closed sharply higher as commodity and financials stocks bounded ahead in the wake of an improved take on the economy by the U.S. Federal Reserve. Traders were seemingly unfazed at data released Thursday showing that U.S. retail sales fell unexpectedly in July while more Americans filed for unemployment benefits. The S&P/TSX […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.