TSX closes above 14,000 for first time since 2008. If you went to sleep in March 2008 and woke up today you would have no inkling of the roller coaster ride your investments had taken for the past 3 years…
Two articles on Canadian debt today… one saying the debt to income ratio has now reached 150%, while the other says that those with the ability to do so are moving high interest credit card debt to lower interest lines of credit.
* TSX +129.83 to 13,929.35 marched to its highest level, in 2 ½ years on firm energy and financial issues, as well as on a rally by Research In Motion , after Citigroup raised its rating on the BlackBerry maker by two notches. The TSX hasn’t been over 14,000 since July 2008. .
* DOW +61.53 to 12,288.17
* Dollar +.49c to 101.53c USD in spite of a disappointing read on the manufacturing sector.
* Oil +$.67 to $84.99 USD per barrel
* Gold +$1.00 to $1375.10 per ounce
* Canadian 5 yr bond yields markets up another +.01bps to 2.78. The spread (based on the MERIX 5 yr rate published rate of 4.24%) is in mid comfort zone at 1.46.
(courtesy of Barb Morgan, DBD Ontario Southwest)
