Financial Update: Monday June 20, 2011
- TSX -63.17 to 12,789.95 as a disappointing outlook from Research In Motion Ltd. triggered a 21 per cent plunge in the BlackBerry maker's stock while investors felt a bit better that Greece could avoid a default on its huge debts
- DOW +42.84 to 12,004.36 investors were relieved to see a gauge of future economic activity come in better than expected. The U.S. Conference Board said its index of leading economic indicators grew a surprisingly strong 0.8 per cent in May. However, the board also warned that the economy was likely to grow in a "choppy" manner through the summer and fall.
- Dollar +.31c to 102.02c USD.
- Oil -$1.94 to $93.01USD per barrel.
- Gold +$9.20 to $1539.10 per ounce.
- Canadian 5 yr bond yields markets +.03bps to 2.18. The spread (based on the MERIX 5 yr rate published rate of 3.79% is at the top of the comfort zone at 1.61. The spread based on the quick close of 3.59% is close to the bottom of the comfort zone at 1.41.
