Wednesday, January 19, 2011

Financial Update: January 19, 2011

5 Secrets of Successful Savers
http://ca.finance.yahoo.com/news/5-Secrets-of-Successful-usnews-3282300041.html


What's affecting your credit score?
http://www.financialpost.com/personal-finance/What+affecting+your+credit+score/4126038/story.html#ixzz1BTyII8NL


*    TSX +119.09 to 13,559.20  its highest close since late August, 2008 as a weak U.S.dollar helped lift commodity prices while investors also took in a decision by the Bank of Canada to leave its key interest rate unchanged at one per cent.

*    DOW +50.55 to 11,837.93 US Stock markets also rose amid hopes that eurozone countries are planning to strengthen and broaden their measures to fight the debt crisis. Ministers from the 17 countries that use the euro met in Brussels and discussed boosting the size and powers of the region’s bailout fund.

*    Dollar -.58c to 100.72c USD  as the central bank also raised its 2011 growth forecast to 2.4 per cent from 2.3 per cent. Economists expect the central bank to resume hiking its rates this year. But the communiqué from the bank signalled that it won't be moving until around the middle of 2011 at the earliest.

*     Oil -$.16 to $91.38 USD per barrel

*    Gold +$7.70 to $1368.20 per ounce     

Canadian 5 yr bond yields +.02bps to 2.57.
The spread (based on the NEW MERIX 5 yr rate published rate of 3.99%) is bouncing about in mid comfort zone at 1.42. http://www.tmxmoney.com/HttpController?GetPage=BondsAndRates&Language=en

(Courtesy of Barb Morgan, DBD Ontario Southwest)