Canadian, U.S. consumers more hopeful about jobs, finances, purchases
The power of Facebook’s 'Like' button
Liking it isn’t about enjoying it or appreciating it. “Liking something is about allowing that particular thing to be a part of your network."
· TSX -87.95 to 13,259.63 amid weakening commodity prices and mixed earnings reports from U.S. and Canadian companies.
· DOW-3.3 to 11,980.52
· Dollar -.30c to 100.24c USD on lower commodity prices and data that showed inflation has been weaker than expected.
· Oil -$1.68 to $86.19 USD per barrel on speculation that Saudi Arabia and other OPEC countries will step up production, along with India's decision to raise interest rates, a move that could slow demand.
· Gold -$12.20 to $1332.30 per ounce while lower commodity prices are taking a big toll on the Toronto market, lower gold prices are a double edged sword because they signal more confidence in improving global market conditions.
Canadian 5 yr bond yields markets -.04bps to 2.55. The spread (based on the NEW MERIX 5 yr rate published rate of 3.99%) is now centred in the comfort zone at 1.44. http://www.tmxmoney.com/HttpController?GetPage=BondsAndRates&Language=en
(courtesy of Barb Morgan, DBD Ontario SouthWest)
