Investments

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Market Insights

Market numbers: Monday, June 29, 2009

The Toronto stock market is set to benefit from higher oil prices at the open ahead of a shortened trading week in Canada and the United States. The August crude contract on the New York Mercantile Exchange was up 62 cents to US$69.78 even as the International Energy Agency said oil demand is set to […]

By Staff |June 29, 2009

3 min read

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Market Insights

Managers turn bullish on stocks, corporate debt

The stock market rally that started in March has seen the S&P/TSX Composite Index gain more than 3,000 points, leading some to comment that it is an unsustainable bounce off the bottom. But this theory is held by a minority of investment managers, with most seeing more growth ahead, according to the latest survey by […]

By Steven Lamb |June 29, 2009

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TSX closes higher as investors snap up energy, financials; oil stocks lift N.Y.

Strong buying interest in energy and financial stocks pushed the Toronto stock market to a solid gain Monday. The S&P/TSX composite index closed up 87.01 points to 10,476.77 ahead of a shortened trading week in Canada and the United States. The TSX energy sector was ahead 1.4% as the August crude contract on the New […]

By Staff |June 29, 2009

4 min read

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Market Insights

Market numbers: Friday, June 26, 2009

The Toronto stock market is likely in for a lower open following two solid triple-digit advances amid a profit warning from Potash Corp. The Saskatoon-based company cut its earnings guidance Thursday due to lower than expected sales volumes as customers delay purchases and lower realized prices for phosphate fertilizers. The company said it now expects […]

By Staff |June 26, 2009

3 min read

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Bank stocks take TSX higher

The Toronto stock market closed slightly higher Friday as a late-day burst in financial stocks cancelled out declines in energy and gold stocks. The S&P/TSX composite index moved 33.91 points higher to 10,389.76 on top of two days of strong, triple-digit advances. The Canadian dollar was up 0.15 of a cent to 86.64 cents US. […]

By Staff |June 26, 2009

3 min read

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Market Insights

Market numbers: Thursday, June 25, 2009

The Toronto stock market could see some lift in early trading from higher oil prices while investors digest news of the U.S. Federal Reserve’s vote of confidence in the economy. But otherwise, U.S. futures pointed to a weak opening ahead of economic news. The Canadian dollar was down 0.72 of a cent to 86.05 cents […]

By Staff |June 25, 2009

3 min read

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Energy stocks send TSX surging; N.Y. stocks jump

Energy stocks helped the Toronto stock market gain more than 200 points for a second day in a row Thursday on hopes that small signs of economic improvement will result in the start of a recovery by the end of the year. Toronto’s S&P/TSX composite index advanced 254.92 points to 10,355.85, following a 204-point runup […]

By Staff |June 25, 2009

4 min read

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Market Insights

Market numbers: Wednesday, June 24, 2009

Investors will be looking to see if the Toronto stock market can extend a modest gain following a warning of a weak economic recovery while taking in a major deal in the Canadian oilpatch. Addax Petroleum Corp. (TSX:AXC) said Wednesday it has reached a deal that will see it acquired by Chinese oil and gas […]

By Staff |June 24, 2009

3 min read

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Stocks close mixed, C$ down

The Toronto stock market rose sharply Wednesday as an unexpectedly positive dose of U.S. economic data raised hopes for an economic recovery. Also, the U.S. Federal Reserve chimed in with news that although the economy will likely remain weak, the lid will be kept on inflation and the pace of contraction is slowing. "Following on […]

By Staff |June 24, 2009

4 min read

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Market Insights

Market numbers: Tuesday, June 23, 2009

The Toronto stock market is likely in for a slightly higher open, a day after a World Bank report sparked steep selloffs on North American stock markets. The main S&P/TSX composite index plunged 454 points, or 4.4%, after the World Bank warned the global economic downturn would be deeper than predicted. The biggest one-day point […]

By Staff |June 23, 2009

3 min read

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