Thursday, March 3, 2011

Financial Update: March 3, 2011

How I saved thousands on my mortgage...
Good article for consumers, except the author didn't talk to a mortgage broker! Why not? What are you doing to help increase awareness of the services you offer?

·       TSX +21.17 to 14,144.02(Reuters) supported by energy stocks and gold

·       DOW +8.78 to 12,066.80

·       Dollar +.27c to 102.84c USD The Canadian dollar had lift from surging oil prices, after earlier going as high as 103.01 cents US.

·       Oil +$2.60 to $102.23 USD per barrel Oil prices settled above $102 per barrel for the first time in more than 2 years as fighting escalated in Libya and petroleum demand grew in the U.S.

·       Gold +$6.50 to $1437.70 per ounce as nervous investors looking for safe haven pushed gold to another new high.

·       Canadian 5 yr bond yields markets +.04bps to 2.64. The spread (based on the MERIX 5 yr rate published rate of 4.14%) is now at the top of the comfort zone at 1.50.