TSX +138.49 to 13,104.98 (CP) as commodity prices rallied from recent lows and traders appeared more upbeat ahead of a key Greek vote aimed at avoiding a debt default. There could also be some "window dressing" behind the rally, as investors buy positions to record on their balance sheet ahead of the end of the second quarter on June 30. Coming into the end of this week, with the holidays quickly approaching, trading is going to slow down markedly. That means any investors making moves will have a greater impact on the direction of the overall exchange than usual.
DOW +145.13 to 12,188.69 as French banks agreed to accept slower repayment on Greek debts, another key step in avoiding a Greek debt default. Wall Street was higher amid the news from Greece and mixed domestic economic data. The Standard & Poor's/Case-Shiller home-price index showed home prices in major U.S. cities have risen for the first time in eight months, boosted by an annual flurry of spring buyers.
Dollar +.41c to 101.76c USD as commodity prices rebounded from several days of decline.
Oil +$2.28 to $92.89USD per barrel.
Gold +$3.80 to $1500.20USD per ounce.
Canadian 5 yr bond yields markets +.10bps to 2.15. The spread (based on the MERIX 5 yr rate published rate of 3.79%) is quickly back to the top of the comfort zone at 1.64 as money moves away from bonds to stocks. The spread based on the quick close of 3.59% is again closer to the bottom of the comfort zone at 1.44.
