Wilfred Vos’ Blog

Index Daily Change
S&P/TSX composite index 0.95% Drop
Dow Jones industrial average 0.51% Drop
Standard & Poor’s 500 Index 0.21% Drop
Nasdaq Composite Index 0.08% Drop
Canada’s main stock index closed higher yesterday after a 3-day slide as stronger than expected bank earnings and a firm gold price lifted two of the index’s biggest sectors. The financial sector was up about 1.08%, boosted by [...]

Outlook is for a good recovery

February 25th, 2010

Index Daily Change
S&P/TSX composite index 0.04% Drop
Dow Jones industrial average 0.89% Gain
Standard & Poor’s 500 Index 0.97% Gain
Nasdaq Composite Index 1.01% Gain
Toronto’s main stock market index ended slightly lower yesterday, as lower gold prices dragged down miners and weaker than expected corporate results have also had a negative impact. Disappointing results from several companies, including TransAlta and Finning International [...]

Canada’s main stock index fell for a 2nd day yesterday, knocked down by weak U.S. consumer confidence data that cast doubt on the strength of the economic recovery in the largest economy in the world. U.S. consumer confidence fell to a 10-month low in February, which concerned investors as the economic recovery is fragile [...]

Canada’s main stock index closed lower yesterday, halting an 8-day winning streak, dragged down by weakness in the resources and financials sectors. Gold stocks were also among the falling sectors as the price of gold bullion retreated from 1-month highs. Although energy shares were also lower and despite oil prices that edged above $80 [...]

Canada’s main stock market edged higher on Friday for the 8th straight day, as gains in energy and financial sectors outweighed a drop among gold miners. Investors are concerned that a strike at French refineries along with geopolitical tensions over Iran’s nuclear situation could lead to supply worries, which pushed the price of [...]

Canada’s main stock index finished higher for a 7th straight day yesterday, led by gold mining shares, which got a boost from better-than-expected results from Barrick Gold. Barrick, the world’s biggest gold miner, led all heavyweight gainers, up 3.3% after it announced plans to spin off its African assets into a new company and [...]

Optimistic outlook on the economy

February 18th, 2010

Canada’s main stock market index rose to its highest level in nearly a month yesterday as firmer commodity prices and optimistic U.S. data lifted energy producers, miners and the banking sector.
In general, corporate earnings are doing well, economic data is improving and the sovereign debt issues have currently receded. Data showed U.S. [...]

Gold prices jump

February 17th, 2010

The Canadian stock market rose to its highest level in more than 3 weeks yesterday as oil and gold prices jumped big time, leading resource shares higher, and as risk appetite returned to the market. The Canadian dollar also appreciated in value while the U.S. dollar declined in value which helped boost the prices [...]

Canada’s main stock market edged out a small gain on Friday but it was a gain nonetheless as bargain-hunters scooped up stocks seen as undervalued and the index’s heavily weighted resource sectors trimmed losses brought on by concerns about China’s monetary policy.
The TSX rebounded late in the session after falling nearly 100 points. China’s [...]

Canada’s main stock index touched its highest level in a week yesterday as a European Union rescue plan for debt-laden Greece helped lift market confidence and commodity prices.
A pledge by European leaders to support Greece helped to provide a good boost to commodity prices, including oil, which closed above $75 a barrel, while gold and [...]

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