• TSX +156.35 Fri to 13,751.47 (Reuters)
The index was dragged down by lower financial stocks after TD Bank and CIBC delivered quarterly results that narrowly missed analyst forecasts and moved into positive territory late in the afternoon thanks to strength in the energy and tech sectors.
The index was dragged down by lower financial stocks after TD Bank and CIBC delivered quarterly results that narrowly missed analyst forecasts and moved into positive territory late in the afternoon thanks to strength in the energy and tech sectors.
• DOW +8.10 to 12,402.76
Data showed more Americans applied for unemployment benefits last week, a sign the American job market remains weak. Claims rose by 10,000. The consumer spending component of the GDP report was particularly disappointing, revised down from a 2.7 per cent gain to a 2.2 per cent gain
• Dollar -.08c to 102.18c USD
Further signs of U.S. weakness helped send the Canadian dollar down
• Oil -$1.09 to $100.23USD per barrel .
• Gold -$3.90 to $1522.80 per ounce
• Canadian 5 yr bond yields markets -.06bps to 2.33.
The spread (based on the NEW MERIX 5 yr rate published rate of 3.99%) is at the top of the comfort zone at 1.66. At the other end, the spread on the new 5yr Unpublished special of 3.79% is 1.46, mid comfort zone. If this trend holds, it bodes well for fixed rates. .
