• TSX -199.25 to 13,318.66 (Reuters)
Investors continued to sell off stocks in the wake of a disappointing read on U.S. employment last week which reinforced fears that the U.S. economy is slowing.
Investors continued to sell off stocks in the wake of a disappointing read on U.S. employment last week which reinforced fears that the U.S. economy is slowing.
• DOW -61.30 o 12,089.96
Bank stocks helped depress New York markets amid concern that the U.S. Federal Reserve may require them to set aside more cash to cover potential losses
• Dollar -.26c to 101.96c USD
The loonie also dipped amid falling oil and indications of a slowing housing sector as Statistics Canada reported that the value of building permits fell 21.1 per cent to $5.3 billion in April after increases in February and March. The non-residential and residential sectors both declined in April, with Ontario posting the largest decrease.
• Oil -$1.21 to $99.01USD per barrel
Indications of slower U.S. growth depressed crude prices again.
Indications of slower U.S. growth depressed crude prices again.
• Gold +$4.80 to $1547.20 per ounce
Worries about the global economy pushed the metal higher for a second day.
Worries about the global economy pushed the metal higher for a second day.
The spread (based on the MERIX 5 yr rate published rate of 3.99%) is above the comfort zone at 1.77.
The spread based on the quick close of 3.69% is 1.47
The spread based on the quick close of 3.69% is 1.47
