Market Insights

Decorative pattern

Market Insights

Market numbers: Tuesday, July 07, 2009

The Toronto stock market could be in for a slightly higher open following a commodity-stock led tumble as oil prices headed slightly higher. The main TSX index fell 256 points or 2.5% Monday as investors continued to react to last Thursday’s much worse than expected U.S. employment report for June, which cast further doubt on […]

By Staff |July 7, 2009

3 min read

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Market Insights

Slumping industrial, energy stocks drag markets lower

The Toronto stock market racked up a sharp, triple-digit decline for a second session as worries about an economic recovery persuaded investors to take more profits from the spring rally. "We’ve had quite a market run for a few months and now it’s time for a pause," said Norman Raschkowan, chief investment officer at Mackenzie […]

By Staff |July 7, 2009

4 min read

Decorative pattern

Market Insights

Market numbers: Monday, July 06, 2009

The Toronto stock market is headed for a sharply lower open as oil prices retreat and overseas indexes pull back amid increasing pessimism about an economic recovery. The August crude contract fell $3 to US$63.7 a barrel after falling 3.5 per cent last week on the growing belief that the economy won’t be strong enough […]

By Staff |July 6, 2009

3 min read

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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

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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

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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

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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

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Market Insights

Market numbers: Thursday, July 2, 2009

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

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Market Insights

Canadian, U.S. markets tumble on worse than expected jobs data, lower oil prices

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 […]

By Staff |July 2, 2009

3 min read

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Market Insights

Market wrap: 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 […]

By Staff |June 30, 2009

1 min read

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