• TSX -26.79 to 13,802.88 (Reuters)
The Toronto stock market ended May trading down 140 points from the end of April amid concerns that the U.S. economy is faltering. and increasing worries about the European debt crisis, which leaves the TSX up about 2.7 per cent year to date.
The Toronto stock market ended May trading down 140 points from the end of April amid concerns that the U.S. economy is faltering. and increasing worries about the European debt crisis, which leaves the TSX up about 2.7 per cent year to date.
• DOW +128.21 to 12,569.79
Hopes that a deal would be reached for Greece to avoid defaulting on its debts sent New York stocks higher.
• Dollar +.90c to 103.24c
USD higher as the Bank of Canada said it was leaving its key interest rate unchanged at one per cent. But the currency gained momentum as the bank signaled it will move to hike interest rates. A weakening U.S. dollar and advancing oil prices also supported the loonie.
USD higher as the Bank of Canada said it was leaving its key interest rate unchanged at one per cent. But the currency gained momentum as the bank signaled it will move to hike interest rates. A weakening U.S. dollar and advancing oil prices also supported the loonie.
• Oil +$2.11 to $102.70USD per barrel When the dollar weakens, it makes oil cheaper for investors holding other currencies and usually boosts prices.
• Gold +$.50 to $1536.80 per ounce
• Canadian 5 yr bond yields markets +.02bps to 2.34
The spread (based on the MERIX 5 yr rate published rate of 3.99%) is at the top of the comfort zone at 1.65. At the other end, the spread on the 5yr Unpublished special of 3.79% is 1.45, mid comfort zone.
The spread (based on the MERIX 5 yr rate published rate of 3.99%) is at the top of the comfort zone at 1.65. At the other end, the spread on the 5yr Unpublished special of 3.79% is 1.45, mid comfort zone.
