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Posts Tagged ‘canadian dollar’
Today the financial sector outshone other indices as the Toronto stock market held onto most of its gains because of it.The S&P/TSX composite index was up 55.06 points making it 10,742.96. This extended the positive streak we have been seeing the past 2 week. The TSX financial stocks were up 2.1% due to Sun Life
With us in the third week of the weekly news watch, I will not bore you on mundane information, just the important events that occurred this week.Monday was the sixth day of gains for the Toronto stock market however this came to an end on Tuesday with the TSX closing slightly lower than anticipated. The
The Bank of Canada is declaring that the recession is essentially over in Canada and the economy will spring back at least twice as strongly as the United States. Today, the bank noted that it is estimated that the Canadian economy will advance by 1.3% during the July-September period, and 3% in the 4th quarter
Toronto’s Main Stock index rose more than 1% today, this morning as firmer oil prices and metal prices assist the resource heavy index, reaching its highest level since June 12th.The index’s minding laden materials group spearheaded the rise with 2.64% gain on higher gold prices. Gold was up as the U.S. dollar slipped to a
The Toronto stock market made a strong impact this morning with investors encouraged by a strong earnings report from chip giant Intel Corp. and rising oil prices.This has been a solid two days for the Toronto Main Stock Index gaining about 240 points, or 2.5%. This was led by the financial stocks amid the strong
The Toronto stock market was in the red this morning which was led by falling commodity stocks as oil and metal prices went down due to the cynicism about an economic recovery.The S&P/TSX composite index fell 289.3 points to 9,993.8. The energy sector was leading the fall, going down about 4% as the August crude