Wednesday, October 1st17.2°C
22738
23038

German confidence moves TSX up

The Toronto stock market is slightly higher amid reassuring data on investor optimism suggesting Germany will be able to avoid slipping into recession.

Traders also looked to the start of the U.S. Federal Reserve's meeting on interest rates and hoped for a resolution to the fiscal cliff crisis which threatens to push the U.S. back into recession.

The S&P/TSX composite index gained 16.57 points to 12,247.04 while the Canadian dollar rose 0.04 of a cent to 101.36 cents US.

Hopes for further Fed stimulus helped push the Dow Jones industrials up 65.97 points to 13,235.85, the Nasdaq rose 25.06 points to 3,012.02 and the S&P 500 index was 7.46 points higher at 1,426.01.

On the corporate front, Hudson's Bay Co. (TSX:HBC) reported its loss from continuing operations was $8.5 million or eight cents per share in the third quarter. That compared with a loss from continuing operations of $7.5 million or seven cents per share in the same year-earlier period.

Hudson's Bay Co. also said it will initiate a quarterly dividend of just over nine cents per share and its shares dipped a penny to $16.80.

The Canadian Press


Read more Business News

23607


Recent Trending




Today's Market
S&P TSX14805.44-155.069
S&P CDNX896.35-12.94
DJIA16804.71-238.19
Nasdaq4422.085-71.305
S&P 5001946.16-26.13
CDN Dollar0.8957+0.0002
Gold1213.60-1.90
Oil89.18-0.58
Lumber343.50+5.70
Natural Gas4.02-0.101

 
Okanagan Companies
Pacific Safety0.135+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.04
Cantex0.075+0.01
Anavex Life Sciences0.1804-0.0036
Metalex Ventures0.0550.00
Russel Metals34.68+0.11
Copper Mountain Mining2.29-0.13
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 



23167

FEATURED Property
20823853571 Bemose Road
10087880 bedrooms
$999,997
more details
image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_



23545




Member of BC Press Council


23504