Economy pumps out 69,200 jobs...
"Despite the gains, the unemployment rate rose to 7.8 per cent in January from 7.6 per cent a month earlier as more people searched for work..."
* TSX +161.06 to 13,841.35 A positive earnings report in the technology sector as well as merger and acquisition activity among gold miners helped push the Toronto stock market to its highest level since July 2008.
* DOW +20.29 to 12,062.26 benefitting from data showing fewer U.S. jobless insurance claims and higher than expected expansion in the American service sector.
* Dollar -.28c to 100.91c USD
* Oil -$.32 to $90.54 USD per barrel The unrest has left a significant mark on oil prices, which are up almost six per cent over the past week
* Gold +$20.90 to $1353.00 per ounce as continued unrest in Egypt helped push investors to safety.
* Canadian 5 yr bond yields markets +.04bps to 2.66. That’s 10bps in the last 2 days. The spread (based on the MERIX 5 yr rate published rate of 3.99%) has fallen below the comfort zone at 1.33. Fixed rates are at risk of increasing. Rate specials could end soon so get any applications for 3.79% in early.
