Wednesday, August 3, 2011

Financial Update: Wednesday August 3, 2011

• TSX -193.31 to 12752.32 (Reuters) - Toronto's main stock index fell hard on Friday morning as commodity prices slid on fears of another Chinese rate hike and the ability of some euro zone countries to service their debts.

• DOW -265.87 to 11866.62 

• Dollar -74c to 103.85 USD 

• Oil -1.47 to 93.82USD per barrel 
Crude oil prices fell on Tuesday on concerns for the US economy, despite a critical debt deal to avert a default, analysts said.

• Gold +33.30 to $1656.60USD per ounce.

The spread (based on the MERIX 5 yr published rate of 3.84%) is above the comfort zone at 1.97. 
The spread based on the quick close of 3.64% is above the comfort zone at 1.77