TSX +111.93 to 13,300.87 ended the last trading day of the quarter Thursday with a fourth consecutive session of gains. Traders took in modestly positive Canadian economic growth data and news that Greece's controversial austerity measures will go ahead. A pickup in manufacturing in the U.S. also pushed indexes higher, before closing for Friday Canada Day
DOW +152.92 Thur, 168.43 Fri to 12,582.77 U.S. data showed that slightly fewer people applied for unemployment benefits last week, but the level of claims is still high at 428,000.
Dollar +.65c Thurs, +.60c Fri to 104.33c USD after Statistics Canada reported that real gross domestic product was unchanged in April compared with March, as both the goods producing and services sectors remained flat. Economists had been expecting a 0.1 per cent decline
Oil +$.65 Thurs, -$.48 Fri to $94.94USD per barrel Oil and gold prices appear to have moved past recent lows, a trend that bodes well for the performance of the resource-heavy TSX . Over two days, oil has recovered the loss from last Thursday when the United States and other oil-importing countries said they would dump emergency oil supplies onto the market
Oil +$.65 Thurs, -$.48 Fri to $94.94USD per barrel Oil and gold prices appear to have moved past recent lows, a trend that bodes well for the performance of the resource-heavy TSX . Over two days, oil has recovered the loss from last Thursday when the United States and other oil-importing countries said they would dump emergency oil supplies onto the market
Gold -$7.60 Thurs, -$20 Fri to $1482.30USD per ounce
Canadian 5 yr bond yields markets +.03bps to 2.33. The spread (based on the MERIX 5 yr rate published rate of 3.79%) of the comfort zone at 1.46. The spread based on the quick close of 3.59% is well below the bottom of the comfort zone at 1.26 and is at risk of ending.
