Yesterday stocks dropped in value in anticipation of today’s jobs data. Energy and material stocks led the way. Stocks continue to trade between 5% and 10% above their November 20th lows but they will likely drop today with the jobs data. Oil prices dropped by almost 7% yesterday and are currently [...]

Stocks rose for a 2nd day yesterday in the United States and Europe but Canada ‘dipped’ slightly with a drop in energy and material shares.  Investors bought up shares in Coke and other companies that “hold up well in recessions” following the release of more disappointing economic data, corporate results and outlooks.  Biotechnology stocks were [...]

The Toronto stock market closed lower yesterday as rising energy and gold stocks failed to offset the slide in financial stocks a day after one of the worst declines for the index on record.
TSX financials fell 4% with Bank of Nova Scotia down 7% after the bank said its 4th quarter profit fell 67% [...]

Stocks fell the most since “Black Monday” 1987 in Canada but the United States wasn’t that far behind.

Stocks erased the majority of gains posted in the previous 5/6 days of winning sessions.   The Dow Jones industrial average dropped 7.70%; the Standard & Poor’s 500 Index dropped 8.93%. The Nasdaq Composite Index dropped 8.95% and the [...]

Last week stocks were up by more than 10% around the globe – a very nice and much needed bounce in advance of the Christmas season.

The 7-day winning streak will likely end today as the MSCI World Index has declined 1.1% this morning in Europe.  The benchmark index for 23 developed markets had its biggest [...]