Despite a strong start, the Toronto stock market's key index closed flat yesterday, as lower crude-oil prices weighed down energy stocks while Canada's July unemployment rate rose to 6.4 per cent. The dominant factor today is the below-expected U.S. employment report, which has ramped the odds the Fed will stay on hold next week," said Doug Porter, deputy chief economist at BMO Nesbitt Burns. Ahead of a three-day holiday weekend, Toronto's S&P/TSX composite index rose by 0.02 of a point to 11,936.68.
The Toronto stock market closed higher Wednesday, powered by rising energy stocks after crude oil prices hit fresh record levels on supply concerns while U.S. dollar weakness gave the Canadian dollar a strong boost to a 30-year high. The Canadian dollar improved on Tuesday's surge of almost one full U.S. cent, up 0.53 cent to 96.52 cents US -- its highest close since late February, 1977 -- as the anticipated rate cut send the U.S. dollar sliding against the euro and other world currencies.
The bank continues to expect the Canadian economy to operate at about its production potential, with total CPI (consumer price index) inflation returning to the two per cent target in the second half of 2007," the bank said in a statement. Among the major factors likely to affect the economy, "the main downside risk is that U.S. household demand could slow more rapidly than expected," the bank said. The Toronto stock market fell almost 200 points yesterday as a third day of crude oil price declines sent energy stocks tumbling "The tone was interesting," said TD Bank economist David Tulk. "I think the market expected a little bit more of a dovish tone.
The Toronto stock market finished sharply higher Wednesday as banks reacted positively to CIBC's (TSX:CM) earnings report and investors snapped up energy stocks on stronger crude oil prices. Toronto's S&P/TSX composite index moved up 231.58 points to 13,530.65.
.... Notwithstanding the crude neo-Marxism of some foreign policy analyses, as wi... the continuing renewal of Canada's capital stock, especially its energy and transportation sector a...
... Income Fund to allow higher volumes of crude to be piped from the Bakken and Three Forks format... flat at $14.46 Tuesday on the Toronto Stock Exchange. Enbridge, with 4,500 employees, operates...
... of that land for the production of crude oil or the production of gas or gas by-products fr... the purpose of its Fixed Capital Flows and Stocks data series, of the portion of the nonresidentia...
I think the market is starting to get used to these kinds of news events," said Ian Filderman of Scotiabank Wealth Management. "While it introduced additional uncertainty, unless something absolutely dramatic happened... we're not seeing the kind of negative impact on equities that we saw, certainly after 9-11 and some of the other subsequent events to that as well. Toronto's S&P/TSX composite was down 49.1 points to 11,959.05. The TSX Venture Exchange dipped 16.93 points to 2,632.24.
... terrorist plot helped send the Toronto stock market lower yesterday. Crude-oil prices backed of...
... the recent recession and the volatility in crude oil prices, to move forward. Due to increased glob..., and the listing of shares on a Canadian stock exchange are just some factors considered in deter...
The Mountain View-based company's shares gained $12.23 to finish at a new peak of $707. It took less than a month for the stock to leap from $600 to $700, building upon a fervor that has lifted [Google]'s market value by 34 per cent since mid-September. During the peak season, before Christmas, workers at the factory start at 8 a.m. and don't finish until midnight," said Jenny Chan, an activist with the Hong Kong-based Students and Scholars Against Corporate Misbehaviour.
...government reported another unexpp in crude oil inventories and the U.S. Federal Reserve cut i...
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