Long-awaited U.S. jobs recovery augurs well for Canadian automakers, economy...
One of the strongest U.S. employment reports in almost five years is raising expectations for Canada’s economy.
• TSX +38.05 to 14,252.77 benefiting from investor nervousness about unrest in the Mideast which sent oil prices surging.
• DOW -88.32 to 12,169.88 the latest spike in oil prices raised concerns about the economic recovery.
• Dollar +.05c to 102.91c USD.
• Oil +$2.51 to $104.42USD per barrel.
• Gold +$21.20 to $1428.60 per ounce rose to near a record high and silver jumped to its highest in more than three decadeson inflation worries triggered by rising oil prices as widening clashes in Libya strengthened fears the country was on the brink of a civil war.
• Canadian 5 yr bond yields +.12bps to 2.76. The spread (based on the MERIX 5 yr rate published rate of 4.14%) is at the bottom of comfort zone at 1.38.
(Courtesy of Barb Morgan, DBD Ontario Southwest)
