• TSX +38.81 to 13,425.30 (CP)
Surging prices for oil and gold helped drive the Toronto stock market higher, its sixth straight positive close.
• DOW -12.90 to 12,569.87
Ratings agency Moody's has downgraded Portugal's government debt to junk status, citing the growing risk the country will need a second rescue package and concerns it will not meet its debt reduction targets.
• Dollar -.26c to 103.82c USD.
• Oil +$1.95 to $96.89USD per barrel on hopes for higher demand
• Gold +$30.10 to $1512.70 USD per ounce Concerns about global debt problems helped push gold prices higher
The spread (based on the NEW MERIX 5 yr published rate of 3.94%) is back above the comfort zone at 1.66.
The spread based on the NEW quick close of 3.74% is now comfortably settled into the middle of the comfort zone at 1.46 (Rate Specials Summary below)
