Monday, March 28, 2011

Financial Update: March 28, 2011

Businesses make Facebook a marketing network...
Every day, an average of about 15 million connections are made between users “friending” each other. Meanwhile, about 50 million connections are made between businesses and users, who have no qualms announcing they’re a “fan” of company X. How many fans does your company have?

*    TSX +10.02 to 14,039.39   Energy pushed the Toronto stock market higher.

*    DOW +50.03 to 12,220.59  U.S. markets also advanced amid data showing the economy grew a little faster at the end of 2010 than the government had previously estimated, boosted by more inventory building and business investment in plants and equipment.

*    Dollar -.58c to 101.86c USD  A stronger U.S. dollar pushed the Canadian currency lower.

*    Oil -$.20 to $105.40USD per barrel    

*    Gold -$8.70 to $1426.10 per ounce  

*    Canadian 5 yr bond yields markets +.04bps to 2.65. The spread (based on the MERIX 5 yr rate published rate of 4.04%) is at the centre of the comfort zone at 1.39.

(courtesy of Barb Morgan, DBD Ontario Southwest)