Investments

Market wrap: July 6, 2009 Fallback Image Decorative pattern

Market Insights

Market wrap: July 6, 2009

A selloff in commodity stocks sent the Toronto stock market tumbling Monday as pessimism deepened about a convincing economic recovery being in place by the end of the year. The S&P/TSX composite closed down 255.67 points or 2.5% at 10,027.43 after tumbling as much as 356 points, extending losses triggered at the end of last […]

By Staff |July 6, 2009

3 min read

Declining oil prices may apply downward pressure on Toronto stock market Fallback Image Decorative pattern

Market Insights

Declining oil prices may apply downward pressure on Toronto stock market

The Toronto Stock Market appears set to close a shortened trading week lower as oil prices continue to decline. Markets in the U.S. are closed for the Independence Day holiday. Plunging oil prices and grim U.S. economic data pushed the S&P/TSX composite index to a triple-digit loss on Thursday. The slide was partly driven by […]

By Staff |July 3, 2009

2 min read

The shape of the recovery Fallback Image Decorative pattern

Market Insights

The shape of the recovery

There is enough evidence that the majority of the world’s economies are moving toward recovery that much of the discussion is now focusing on when we will actually move into recovery mode and what shape it will take. We will be in an economic recovery when the economy in question is actually growing. A slower […]

By Peter Drake |July 3, 2009

5 min read

Market wrap: July 3, 2009 Fallback Image Decorative pattern

Market Insights

Market wrap: July 3, 2009

The Toronto stock market ended the week flat as investors weighed weak oil prices with good news out of the base metals sector. The S&P/TSX composite index inched up 37.19 points to 10,283.10 Friday, led by news that mining giant Teck Resources Ltd. has sold a 17.5% stake in the company to lighten its debt […]

By Staff |July 3, 2009

3 min read