Market Insights

Slumping industrial, energy stocks drag markets lower

The Toronto stock market racked up a sharp, triple-digit decline for a second session as worries about an economic recovery persuaded investors to take more profits from the spring rally. "We’ve had quite a market run for a few months and now it’s time for a pause," said Norman Raschkowan, chief investment officer at Mackenzie […]

By Staff |July 7, 2009

4 min read

Market numbers: Monday, July 06, 2009

The Toronto stock market is headed for a sharply lower open as oil prices retreat and overseas indexes pull back amid increasing pessimism about an economic recovery. The August crude contract fell $3 to US$63.7 a barrel after falling 3.5 per cent last week on the growing belief that the economy won’t be strong enough […]

By Staff |July 6, 2009

3 min read

Market wrap: July 6, 2009

A selloff in commodity stocks sent the Toronto stock market tumbling Monday as pessimism deepened about a convincing economic recovery being in place by the end of the year. The S&P/TSX composite closed down 255.67 points or 2.5% at 10,027.43 after tumbling as much as 356 points, extending losses triggered at the end of last […]

By Staff |July 6, 2009

3 min read

Declining oil prices may apply downward pressure on Toronto stock market

The Toronto Stock Market appears set to close a shortened trading week lower as oil prices continue to decline. Markets in the U.S. are closed for the Independence Day holiday. Plunging oil prices and grim U.S. economic data pushed the S&P/TSX composite index to a triple-digit loss on Thursday. The slide was partly driven by […]

By Staff |July 3, 2009

2 min read