Tag Archives: markets

Buyers return to North American markets after two days of sharp losses


TORONTO – Investors made a cautious go back to the Toronto stock market Thursday after two volatile days that saw Canada\’s main index shed more pounds than 345 points. The S&P/TSX composite index closed up 64.93 points at 15,088.82, making up at least some of the triple-digit losses from the last two days. The loonie was down 0.55 of the ...

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North American markets close lower for a second straight day; loonie up


TORONTO – United states stock markets closed lower for a second straight day Tuesday while the Canadian dollar rose more than half a cent. The S&P/TSX composite lost 109.49 points to 15,043.15, after falling 17.38 points on Monday. The loonie traded at 83.21 cents US, up 0.63 of a U.S. cent from Monday\’s close. The Dow Jones industrial average closed ...

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Bond markets are getting smoked — and it’s spooking investors and driving down stocks


North American stocks fell with global equities, joining declines among bonds all over the world as governments put into debt supply. The dollar slid. The Standard & Poor\’s 500 Index dropped 0.7 per cent at 10:10 a.m. in Ny, briefly slipping below its average price within the last 50 days. The Stoxx Europe 600 Index lost 1.3 percent. The TSX ...

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Bubble trouble? Why frothy markets may not be ready to pop


It\’s hard not to think equities have been in a bubble after watching Shopify Inc. climb as much as 66 per cent during its trading debut on Thursday while a speculative stock for example BitGold Inc. also soars like it’s 1999 all over again. But even if some stocks are quickly filling with very damaging hot air, it may be ...

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‘Stay wary, alert and very, very nimble:’ Markets could face a big test at 1 p.m.


At 1 p.m. ET on Friday, Federal Reserve chair Janet Yellen will speak around the U.S. economy.? And this could be a big test for the market. In his morning note on Friday, Art Cashin of UBS said Yellen can use this speech as a way to see how the market responds to some stronger implication the Fed is near ...

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North American markets pull back sharply on disappointing GDP reports


TORONTO – United states stock markets closed deeply at a negative balance in a broad-based decline that followed the release of disappointing economic growth figures on sides of the border. The S&P/TSX composite index finished the final trading day\’s May down 92.91 points at 15,014.09, with the energy sector helping to limit the harm as oil prices turned sharply higher. ...

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Waiting for the Fed: What you need to know before markets open


U.S. stock index futures are lower today as investors remain cautious in front of a two-day Fed meeting and because the Greek debt crisis shows no signs of abating. The central bank is not likely to raise rates only at that meeting but investors will watch out for any hints from Fed Chair Janet Yellen in a press conference following ...

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Stalled Greek debt talks send markets lower; Dow suffered triple-digit loss


TORONTO – Stock markets on sides of the Atlantic turned solidly lower Friday as renewed fears over a possible Greek debt default and its knock-on effects around the euro and also the world economy sent traders scrambling for the exits. In Toronto, the S&P/TSX composite index closed down 89.73 points at 14,741.15, with energy and financial issues one of the ...

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TSX sharply lower; New York markets give back chunk of Thursday gains


TORONTO – The Toronto stock exchange finished with a triple-digit loss Friday amid weak commodity prices along with a disappointing read on retail sales that underlined the still-fragile nature of Canada\’s economic recovery. The S&P/TSX composite index closed down 117.52 points at 14,653.12 as oil and metals prices retreated. Meanwhile, Statistics Canada said retail sales fell 0.1 per cent to ...

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U.S. markets close higher, but energy stocks fall and Greece hopes waiver


U.S. stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece\’s debt crisis showed no clear indications of resolution. The benchmark S&P 500\’s energy sector was dragged down through the biggest slide in oil prices since April after traders were surprised at a report that showed U.S. crude stockpiles rose the very first ...

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