Market Insights

Decorative pattern

Market Insights

A.M. market numbers: August 11, 2009

The Toronto stock market could benefit from higher commodity prices at the open while investors took in data showing a drop in housing starts last month. Canada Mortgage and Housing Corp. said the seasonally adjusted annual rate of housing starts decreased to 132,100 units in July from 137,800 units in June. CMHC said the dip […]

By Staff |August 11, 2009

3 min read

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Market Insights

P.M. market numbers: August 11, 2009

The Toronto stock market tumbled as investors took profits from the five-month-old rally following a warning about the financial sector’s health and ahead of Wednesday’s interest rate announcement by the U.S. Federal Reserve. The S&P/TSX composite index dropped 164.2 points to 10,629.47. The TSX loss followed a 92-point slide Monday. However, the Toronto market is […]

By Staff |August 11, 2009

2 min read

Decorative pattern

Market Insights

A.M. market numbers: August 10, 2009

The Toronto stock market looked to a flat opening Monday morning after better-than-expected news about U.S. job losses helped the main index rise almost % last week. U.S. futures also pointed to a tepid opening ahead of a week where key retailers such as Wal-Mart Stores Inc. and Macy’s Inc. will report earnings. Investors will […]

By Staff |August 10, 2009

3 min read

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Market Insights

P.M. market numbers: August 10, 2009

The Toronto stock market closed lower Monday as investors pocketed some profits after four weeks of solid gains. The S&P/TSX composite index lost 91.66 points to 10,793.67, which all but wiped out last week’s gain of almost one per cent that followed a much better than expected U.S. employment report for July. On Monday, weakness […]

By Staff |August 10, 2009

2 min read

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Market Insights

A.M. market numbers: August 7, 2009

North American markets appear headed for a lower open Friday as investors in Canada and the U.S. brace for the latest data on job losses. Statistics Canada released Canadian data early in the day, reporting the country’s labour market shed another 45,000 jobs in July as more people struggled to find work. The unemployment rate […]

By Staff |August 7, 2009

3 min read

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Market Insights

Risks to the recovery

These days, there’s lots of discussion about risks to the recovery. This is to be expected anytime the economy is moving toward the end of a recession and into a growth phase. However, more discussion is taking place this time around, simply because of this recession’s depth and the series of largely unexpected financial system […]

By Peter Drake |August 7, 2009

7 min read

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Market Insights

P.M. market numbers: August 7, 2009

News that the U.S. unemployment rate fell for the first time in 15 months propelled the Toronto stock market to a strong gain Friday, despite worse-than-expected jobs data for Canada. The S&P/TSX composite index added 91.96 points to 10,885.33 on a report that U.S. employers sharply scaled back layoffs in July while the unemployment rate […]

By Staff |August 7, 2009

2 min read

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Market Insights

A.M. market numbers: August 6, 2009

North American markets appear headed for a flat open on Thursday as investors refrain from making big bets ahead of a slew of earnings reports, as well as U.S. data on retail sales and the labour market. The market is finding some support from big gains in overseas indexes that were driven by solid corporate […]

By Staff |August 6, 2009

3 min read

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Market Insights

P.M. market numbers: August 6, 2009

The Toronto stock market fell to a sharp loss Thursday amid news that Canada’s largest insurance company will cut its dividend in half. The S&P/TSX composite index lost 253.56 points or 2.3% to 10,793.37, reversing four consecutive days of gains that had seen Toronto’s main index add more than five per cent. Other insurance companies […]

By Staff |August 6, 2009

2 min read

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Market Insights

A.M. Market numbers: Wednesday, August 5, 2009

North American markets appeared headed for a flat open Wednesday as investors hesitate to make big bets ahead of key economic data, including Friday’s looming U.S. jobs report. Overseas markets were mixed, with European indexes posting modest gains after earlier losses in Asia. Bailed-out British bank Lloyds Banking Group PLC said most of its bad […]

By Staff |August 5, 2009

3 min read

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