Market Insights

Decorative pattern

Market Insights

A.M. market numbers: September 01, 2009

North American markets were likely headed for a lower opening Tuesday ahead of key U.S. data coming out later in the morning that could provide a clue to the strength of an economic recovery. In New York, the Dow Jones industrial futures were down 52 points to 9,434, the Nasdaq futures fell 6.5 points to […]

By Staff |September 1, 2009

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Market Insights

P.M. market numbers: September 1, 2009

The Toronto stock market tumbled Tuesday for a second straight session even as data showed a reviving manufacturing sector in the United States and China. The S&P/TSX composite index fell 178.43 points to 10,689.78 as the Institute for Supply Management reported that its U.S. manufacturing index rose to 52.9 in August from 48.9 in July. […]

By Staff |September 1, 2009

2 min read

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Market Insights

A.M. market numbers: August 31, 2009

The Toronto stock market headed for a lower opening Monday after steep declines in Asia overnight sent ripples throughout global markets. China’s main Shanghai market retreated 6.7% while Hong Kong lost 1.9%, reflecting the growing unease among investors about government measures to restrict the lavish bank lending that has helped send markets surging this year. […]

By Staff |August 31, 2009

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Market Insights

P.M. market numbers: August 31, 2009

The Toronto stock market closed lower, led by sliding commodity stocks as investors worried about the Chinese economy faltering. The S&P/TSX composite index fell 109.76 points to 10,868.21 even as Statistics Canada reported that gross domestic product increased by 0.1%, the first time GDP has grown since July, 2008, following a 0.5% dip in May. […]

By Staff |August 31, 2009

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Market Insights

A.M. market numbers: August 28, 2009

The Toronto stock market appeared headed for a higher open Friday as Bank of Nova Scotia handed in earnings that beat expectations while oil prices continued to advance. Scotiabank says its third-quarter profit fell to $931 million or 87 cents a share from a year-before $1.01 billion even as revenues increased. That was three cents […]

By Staff |August 28, 2009

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P.M. market numbers: August 28, 2009

The energy sector helped push the Toronto stock market higher Friday. The S&P/TSX composite index added 44.01 points to 10,977.97, leaving the TSX up 146.79 points or 1.35 per cent on the week following solid earnings reports from most of the big banks. But the financial sector fell even as Scotiabank beat earnings expectations in […]

By Staff |August 28, 2009

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A.M. market numbers: August 27, 2009

The Toronto stock market will find support at the open as strong earnings reports from three of the big Canadian banks beat expectations. Profits at Royal Bank surged 24% during the third quarter of 2009 to $1.6 billion or $1.05 per share for the quarter ended July 31, up from year-earlier net income of $1.3 […]

By Staff |August 27, 2009

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P.M. market numbers: August 27, 2009

The Toronto stock market closed slightly higher Thursday, thanks in large part to strong earnings from three of the big Canadian banks. It was another volatile day on the S&P/TSX composite index, which lost as much as 104 points before rallying to close up 21.79 points to 10,933.96. The energy sector led declines, down 1.17% […]

By Staff |August 27, 2009

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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

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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

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