December’s 30-year high exports surge pushes up expectations for Canada economy...
Canadian exporters had the best month in 30 years in December, in the most concrete indicator that the pick-up in demand in the United States is lifting a lot of boats north of the border as well.
* TSX -73.81 to 13,766.76 as energy stocks declined alongside oil prices which fell after Egyptian president Hosni Mubarak stepped down amid widespread protests.
* DOW +43.97to 12,273.26
* Dollar +.92c to 101.34c USD amid data showing that the country's trade balance with the rest of the world went from a deficit of $115 million in Nov to a surplus of $3 billion in Dec
* Oil -$1.15 to $85.58 USD per barrel falls to 10-week low as Egyptian risk premium unwinds
* Gold -$3.00 to $1362.50 per ounce
* Canadian 5 yr bond yields markets up another +.01bps to 2.76. The spread (based on the MERIX 5 yr rate published rate of 4.24%) is in the high end of the comfort zone at 1.48.
(courtesy of Barb Morgan, DBD Ontario Southwest)
