Thursday, July 28, 2011

Financial Update: Thursday July 28, 2011

• TSX -267.89 to 13032.67 
The Toronto stock market tumbled as investors grow increasingly pessimistic about the potential economic consequences of a U.S. failure to raise its debt limit.

• DOW -.193.75 to 12302.55 
Stocks sank for the fourth straight session on Wednesday as political wrangling over the U.S. deficit continued to unnerve Wall Street

• Dollar -62c to 105.20 USD 

• Oil -2.34 to $96.89USD per barrel 

• Gold -8.00 to $1617.20USD per ounce 

The spread (based on the MERIX 5 yr published rate of 3.84%) is at the top of the comfort zone at 1.70. The spread based on the quick close of 3.64% is creeping up but still mid comfort zone at 1.50