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Market Insights
North American markets appear headed for a lower open as investors cope with concerns about rising unemployment in the U.S. The U.S. Labor Department’s unemployment figures for last month are due out before the markets open. Economists expect the country’s jobless rate rose to 9.6% last month from 9.4% in May, potentially marking a 26-year […]
By Staff |July 2, 2009
2 min read
The energy sector led the Toronto stock market to a lower close Thursday amid disappointing data that showed the U.S. unemployment rate at its highest point since 1983. The S&P/TSX composite index was down 129 points at 10,245.91 as the August crude contract on the New York Mercantile Exchange fell US$2.58 to $66.73 a barrel […]
3 min read
North American stock markets are likely in for a flat opening on the last day of a solid second quarter. Toronto’s S&P/TSX composite index is coming off a five-session string of advances and rose 87 points on Monday thanks to rising oil and banking stocks. The rise was the latest positive showing in the April-June […]
By Staff |June 30, 2009
The Toronto stock market turned lower mid-morning Tuesday as financial stocks lost ground while investors took in news that the economy was still shrinking during April, but at a slower pace than the previous month. More to come. (THE CANADIAN PRESS) North American markets Back to Top -4.14% International markets Back to Top Close Change […]
1 min read
The financials sector led the way to a tumble on the Toronto stock market Tuesday amid a major disappointment in American consumer confidence. The S&P/TSX composite index closed down 101.86 points to 10,374.91 as the Toronto market wrapped up second-quarter trading with a substantial gain. The TSX is closed Wednesday for the Canada Day holiday. […]
5 min read
The Toronto stock market is set to benefit from higher oil prices at the open ahead of a shortened trading week in Canada and the United States. The August crude contract on the New York Mercantile Exchange was up 62 cents to US$69.78 even as the International Energy Agency said oil demand is set to […]
By Staff |June 29, 2009
The stock market rally that started in March has seen the S&P/TSX Composite Index gain more than 3,000 points, leading some to comment that it is an unsustainable bounce off the bottom. But this theory is held by a minority of investment managers, with most seeing more growth ahead, according to the latest survey by […]
By Steven Lamb |June 29, 2009
Strong buying interest in energy and financial stocks pushed the Toronto stock market to a solid gain Monday. The S&P/TSX composite index closed up 87.01 points to 10,476.77 ahead of a shortened trading week in Canada and the United States. The TSX energy sector was ahead 1.4% as the August crude contract on the New […]
4 min read
The Toronto stock market is likely in for a lower open following two solid triple-digit advances amid a profit warning from Potash Corp. The Saskatoon-based company cut its earnings guidance Thursday due to lower than expected sales volumes as customers delay purchases and lower realized prices for phosphate fertilizers. The company said it now expects […]
By Staff |June 26, 2009
The Toronto stock market closed slightly higher Friday as a late-day burst in financial stocks cancelled out declines in energy and gold stocks. The S&P/TSX composite index moved 33.91 points higher to 10,389.76 on top of two days of strong, triple-digit advances. The Canadian dollar was up 0.15 of a cent to 86.64 cents US. […]
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