Wilfred Vos’ Blog

The Canadian stock jumped with some solid gains on Friday as commodity prices led gains in the wake of strong retail and manufacturing data.  The S&P /TSX composite index jumped 169.84 points or 1.41% to 12,081.73.  Statistics Canada said manufacturing sales rose by 1.4% to $47.6 billion, which was the highest level since October 2008. [...]

The Canadian stock index ended sharply lower on Friday as surprisingly strong North American jobs data was overshadowed by downgrades of Spain and Italy’s credit ratings.  Downgrades in sovereign debt contribute to investor fears that the global economy will slow and potentially endure another recession.
The index’s resource-heavy materials sector dropped 3%, energy shares dropped [...]

The “Bear” is back

October 4th, 2011

The “Bear” is back as Canadian stock prices took another hit yesterday losing more value as oil prices hit their lowest level in a year and fears of a looming recession intensified globally.  The bear market is the stock trader’s metaphor for sustained investor pessimism.
Greece’s persistent inability to put its debt crisis to rest dragged [...]

Resource stocks lead decline

October 3rd, 2011

On Friday resource stocks led declines on the Canadian stock market as investors ended the 3rd quarter in a pessimistic mood about the pace of economic recovery and the outcome of the European debt crisis.  The S&P /TSX composite index dropped 62.48 points or 0.53% to end at 11,623.84 with losses held in check by [...]

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