Price of food in Canada could jump between 5 and 7 per cent in 2011: economist...
A family that spends about $400 a month on groceries could end up paying up to $340 extra in a year
Housing starts rise in February
· TSX -79.38 to 14,012.38 its lowest level in more than a week as oil companies and gold miners succumbed to softer commodity prices though strength in financial shares helped limit the losses.
· DOW +124.35 to 12,214.38
· Dollar +.15c to 102.94c USD even as the greenback gained against a variety of other currencies.
· Oil -$.42 to $105.02USD per barrel as OPEC ministers discussed whether to ramp up oil production in the wake of the Libyan uprising. The Libyan crisis has forced companies to evacuate workers, and most of the country's 1.6 million barrels of daily production has been shut down. Boosting production elsewhere would likely cool off overheated energy prices, but experts warn that doing so would weaken OPEC's ability to manage global supplies later this year.
· Gold -$7.30 to $1427.20 per ounce
· Canadian 5 yr bond yields markets +.04bps to 2.81. The spread (based on the MERIX 5 yr rate published rate of 4.14%) is now outside of the comfort zone at 1.33.
(Courtesy of Barb Morgan, DBD Ontario Southwest)
