TSX -70.69 to 12,908.89 as energy stocks continued to retreat and tech companies sold off in the wake of a pair of earnings disappointments. The possibility of a default by Greece on its massive debts also pressured markets. The International Monetary Fund reached a final deal with the Greek government on euro 28 billion worth of new austerity measures, however the measures have to be passed by the Greek Parliament during a vote on Tuesday for the bailout funds to be released.
DOW -115.42 to 11,934.58 below the 12,000 benchmark.
Dollar -.93c to 101.32c USD as the greenback gained strength during the morning as nervous investors bought up U.S. Treasurys.
Oil +$.14 to $91.16USD per barrel.
Gold -$19.60 to $1500.90 per ounce after a stronger U.S. dollar helped push gold down.
Canadian 5 yr bond yields markets -.06bps to 2.04. The spread (based on the MERIX 5 yr rate published rate of 3.79%) is above the comfort zone at 1.75. The spread based on the quick close of 3.59% is also high in the comfort zone at 1.55.
