TSX +205.62 to 13,063.32 (CP) back over the 13,000 mark as traders felt positive about the outcome of a crucial confidence vote for the Greek government and picked up stocks from across most sectors. Traders also took in data showing that Canadian retail sales were up in April but not as much as economists had expected. Statistics Canada said sales increased 0.3 per cent to $37.4 billion, which was below the 0.5 per cent pace that was forecast. Market heavyweight Research In Motion Ltd. (TSX:RIM) also pushed up the main TSX index following a report by a Waterloo, Ont. radio station that said the BlackBerry maker is laying off as many as 200 people
DOW +109.63 to 12,190.01
Dollar +.82 to 102.84c USD
Oil +$.14 to $93.40USD per barrel Hopes for a resolution to the Greek crisis pushed the euro higher and the U.S. dollar lower and the July crude contract. Oil tends to rise when the dollar drops as a cheaper U.S. currency makes commodities such as crude more affordable for investors with their holdings in other currencies. When the dollar gains, oil tends to fall.
Gold +$4.40 to $1546.40 per ounce bullion up for a sixth day
Canadian 5 yr bond yields markets +.01bps to 2.20. The spread (based on the MERIX 5 yr rate published rate of 3.79%) is at the top of the comfort zone at 1.59. The spread based on the quick close of 3.59% is below the bottom of the comfort zone at 1.39.
