Investments

P.M. market numbers: August 27, 2009

The Toronto stock market closed slightly higher Thursday, thanks in large part to strong earnings from three of the big Canadian banks. It was another volatile day on the S&P/TSX composite index, which lost as much as 104 points before rallying to close up 21.79 points to 10,933.96. The energy sector led declines, down 1.17% […]

By Staff |August 27, 2009

2 min read

A.M. market numbers: August 26, 2009

The Toronto stock market could be headed for a lower open as CIBC reported earnings that fell short of expectations while oil prices declined. CIBC reported net earnings of $434 million or $1.02 per share for the quarter ended July 31, up sharply from profits of $71 million or $1.02 per share booked a year […]

By Staff |August 26, 2009

3 min read

Inflation is the enemy of fixed income

The Bank of Canada has set its sights on the loonie, vowing to pull out all the stops if it thinks the rising dollar poses a threat to the fledgling economic recovery north of the border. But with its trendsetting bank rate at just 25 basis points, it would have to look beyond interest rate […]

By Steven Lamb |August 26, 2009

4 min read

P.M. market numbers: August 26, 2009

The Toronto stock market closed little changed Wednesday as investors balanced a disappointing earnings report from CIBC and demand concerns that pulled oil prices lower. The S&P/TSX composite index closed 8.36 points lower to 10,912.17 as CIBC reported quarterly net earnings of $434 million, up sharply from profits of $71 million a year ago. But […]

By Staff |August 26, 2009

2 min read