Monday, April 18, 2011

Financial Update: April 18, 2011

Time management secrets anyone can use...
The Web is like the next-door neighbor who keeps asking us to play when we know we have homework to do.

Is 1st half gain 2nd half pain?
...The U.S. economy’s weaknesses become Canada’s own, an inescapable reality that could be made painfully clear in the second half of 2011...but one that could also keep interest rates lower for longer.

*    TSX -22.68 to 13,799.12 slightly lower at the end of a losing week as investors took some profits from a strong run on markets that has gone on practically without a break since last summer while data from China kept inflation and interest rate concerns front and centre.

*    DOW +56.68 to 12,341.83

*    Dollar -.03c to 104.16c USD   closed lower against the American currency Friday but well off early lows as oil prices advanced.

*    Oil +$1.55 to $109.66USD per barrel
     
*    Gold +$13.60 to $1486.00 per ounce  closed at another all-time record high.

*    Canadian 5 yr bond yields markets -.07bps to 2.67. The spread (based on the NEW MERIX 5 yr rate published rate of 4.34%) is well over the top of the comfort zone at 1.67.

(courtesy of Barb Morgan, DBD Ontario Southwest)