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Stock markets in Toronto and New York racked up triple-digit slides yesterday as TSX resource stocks continued to correct and investors were dismayed that April U.S. inflation data could mean even more interest rate hikes.
Toronto's S&P/TSX composite index closed down 188.81 points to 11,640.61 while New York's Dow Jones industrials fell 214.28 points to 11,205.61.
On the TSX, declines outpaced advances 1,177 to 411 with 203 unchanged. Toronto market volume was 364.6 million shares worth $7.6 billion Cdn.
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... rights, real property indices and inflation or other macroeconomic data and includes. (a) a co...
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Oil prices creeping close to US$70 a barrel helped put the brakes on a three-session rally on U.S. markets while traders looked for a catalyst to extend gains after inflation data and lower bond yields improved sentiment about interest rates.
It's still very resilient and it seems to want to go up," said Doug Davis, president of Davis-Rea Ltd. "Until something really negative happens somewhere, I think that the momentum continues to be up.
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...While there currently is no electronic database maintained by the Court, the Monitor maintains a p... rights, real property indices and inflation or other macroeconomic data. Under the CCAA, no ...
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The outlook is that Canada's economic growth is going to slow materially in the quarters that are coming," TD deputy chief economist Craig Alexander said.
"There are a number of indicators in U.S. consumer behaviour, continuing financial market uncertainty, and continuing meltdown of our most important export sector, which is still manufacturing. All three of those spell bad news for the broader economy.
The TD Bank report predicts the Canadian dollar will average 97 cents US next year. The U.S. dollar strengthened on hot inflation and retail data, down 0.67 of cent to close at 98.03 cents US.
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...When adjusted for inflation, August consumer spending was flat. The data offer...
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... and cost-effective corrections to the data-collection process would eliminate only the most i...
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... Canada's Social Policy Simulation Database and Model (SPSD/M), version 18.0; responsibility f...
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... in the country to produce negative inflation, prompting some to worry about the performance of ...economic trends and Canada's July inflation data. -- With files from Postmedia News. martin.cash@fr...
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... rights, real property indices and inflation or other macroeconomic data and includes. (a) a co...