Tuesday, January 18, 2011

Financial Update: January 18, 2011

Streamline updates to enhance your digital presence
http://www.theglobeandmail.com/report-on-business/managing/on-the-job/streamline-updates-to-enhance-your-digital-presence/article1869362/

Use tools that let you do the changes once and have the revisions changed automatically on all your other social media sites.


·       TSX -23.95 to 13,440.11 while traders considered how bank stocks might be affected by moves by Ottawa to curb excessive borrowing on homes.

·       DOW closed for Martin Luther King Day to 11,787.38

·       Dollar +.23c to 101.30c USD

·        Oil -$.51 to $91.03 USD per barrel    in the wake of China’s order on Friday to state-owned banks to set aside an additional 0.5 per cent of deposits as reserves in order to curb inflation. It was the seventh time in a year that the reserve rate has been hiked.

·       Gold +$.70 to $1361.20 per ounce

Canadian 5 yr bond yields markets -.01bps to 2.55. The spread (based on the NEW MERIX 5 yr rate published rate of 3.99%) is mid comfort zone at 1.44.
http://www.tmxmoney.com/HttpController?GetPage=BondsAndRates&Language=en

(Courtesy of Barb Morgan, DBD Ontario SouthWest)