Investments

Market numbers: Monday, July 06, 2009 Fallback Image 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

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