Tag Archives: Street

A 99-year-old Wall Street veteran reveals the secrets of her success


As she nears 100, Irene Bergman has top tips for having a long career on Wall Street: Don\’t do anything stupid. Consider investment returns, the financial adviser at Stralem & Co. said within an interview at her New York apartment, where, encompassed by paintings from Dutch masters, she telephones her clients. While many investors nowadays obsess over quick profits, it ...

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Wall Street rises, TSX falls after Fed signals rate hike later this year


TORONTO – The Toronto stock market closed in the red Wednesday while Ny markets turned higher following the U.S. Federal Reserve announced it was keeping its benchmark rate unchanged. The S&P/TSX composite index closed down 20.07 points at 14,732.98, as the loonie was up 0.51 of a U.S. cent at 81.73 cents. On commodity markets, the July crude contract gave ...

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TSX, Wall Street surge on hopes for Greek aid deal


TORONTO – United states markets closed solidly higher, using the Nasdaq hitting a new all-time high, amid renewed optimism in Europe that Greece will reach a deal with its creditors and steer clear of a default. The S&P/TSX composite index gained 137.36 suggests 14,790.48, with almost all sectors closing higher, as the loonie was down 0.40 of the U.S. cent ...

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TSX droops, Wall Street up as investors await news from Fed, Greece


TORONTO – The Toronto stock market closed marginally lower Tuesday as investors awaited the end result of Wednesday\’s interest rate announcement in the U.S. Fed and kept a close eye on the Greek debt crisis. The S&P/TSX composite index ended your day down three points at 14,753.05. South from the border, markets posted a strong advance because the U.S. Federal ...

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TSX, Wall Street regain ground after yesterday’s slaughter


TORONTO – The Toronto stock market pushed ahead with gains at the end of morning trading as Greece inched for the default deadline on its loan to the International Monetary Fund. The S&P/TSX composite index moved higher towards midday, rising 66.17 suggests 14,556.32, as the loonie traded at 80.13 cents US, down 0.57 of the U.S. cent.   Traders appeared ...

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The most bearish call on Bay Street: Bank of Canada will slash to 0.25% by year end


One of the biggest bears on Canada’s economy restated his view Friday the Bank of Canada will slash its benchmark rate of interest two more times by the end of the year. “While there is limited scope to reduce interest rates further, the hit from lower oil prices on the?economy takes a heavier toll than widely acknowledged,”said David Madani, Canada ...

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TSX advances, Wall Street turns lower on mixed U.S. jobs report


TORONTO – United states markets were mixed Thursday, with the Toronto Stock Exchange advancing while New York markets turned lower. At mid-afternoon, the S&P/TSX composite index was ahead 79.41 points at 14,632.74 as trading resumed following a one-day break for Canada Day. The Canadian dollar fell below the 80-cent US mark the very first time since early June, shedding 0.39 ...

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China’s brokers dust off Wall Street playbook from 1929 crash as investors look to stem rout


On Wall Street in 1929, it had been the great banking houses of J.P. Morgan and Guaranty Trust Company. Forget about Greece as it were – China might be a much bigger problem If for just a few minutes, try to forget about Greece – as many would surely wish to – and spare a concept for another possible trouble ...

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TSX, Wall Street slide as oil slips on China growth fears


TORONTO – North American stock markets closed sharply lower Wednesday carrying out a big sell-off in China and recurring uncertainty over Greece\’s debt woes. The decline came as an unspecified technical glitch halted trading around the New York Stock Exchange for more than half the session. Trading of NYSE securities on other platforms – such as the Nasdaq – were ...

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TSX, Wall Street close higher amid positive news from abroad


TORONTO – United states markets continued their recent advance Tuesday on the strength of positive news from abroad, but at a more measured pace than the previous two sessions. The S&P/TSX composite index rose 66.18 points to 14,599.40 following a more than 250-point surge over the prior two trading days as markets cheered an offer between cash-strapped Greece and it ...

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