• TSX +21.69 to 13,797.59 (Reuters)
In a broad-based advance led by mining stocks amid rising prices for metals. But the TSX was held back by another earnings disappointment from the banking sector with RBC. All except National came in below analyst expectations for earnings.
• DOW +38.82 to 12,441.58
New York markets were higher amid investor disappointment with the latest pending home sales data. The number of people who signed contracts to buy homes in April plunged 26.5 per cent from a year earlier. But balancing that data was another report showing consumer sentiment in the U.S. rose in May as expectations improved. The University of Michigan's consumer sentiment survey increased to 74.3 in May from 69.8 in April.
New York markets were higher amid investor disappointment with the latest pending home sales data. The number of people who signed contracts to buy homes in April plunged 26.5 per cent from a year earlier. But balancing that data was another report showing consumer sentiment in the U.S. rose in May as expectations improved. The University of Michigan's consumer sentiment survey increased to 74.3 in May from 69.8 in April.
• Dollar +.14c to 102.32c USD
• Oil +$.36 to $100.59USD per barrel
A weaker U.S. dollar pushed oil higher. A weaker greenback usually helps boost oil prices, which are denominated in U.S. dollars, as it makes oil less expensive for holders of other currencies.
A weaker U.S. dollar pushed oil higher. A weaker greenback usually helps boost oil prices, which are denominated in U.S. dollars, as it makes oil less expensive for holders of other currencies.
• Gold +$13.50 to $1536.30 per ounce
• Canadian 5 yr bond yields markets -.01bps to 2.32.
The spread (based on the NEW MERIX 5 yr rate published rate of 3.99%) is at the top of the comfort zone at 1.67. At the other end, the spread on the new 5yr Unpublished special of 3.79% is 1.47, mid comfort zone.
The spread (based on the NEW MERIX 5 yr rate published rate of 3.99%) is at the top of the comfort zone at 1.67. At the other end, the spread on the new 5yr Unpublished special of 3.79% is 1.47, mid comfort zone.
