Friday, August 1st31.8°C
22568
21739

TSX rises amid Italian uncertainty

The Toronto stock market moved slightly higher at the open as traders dealt with heightened political uncertainty caused by worries over whether a new Italian government will follow through on necessary financial reforms to deal with its huge debt.

The initial results of the Italian election showed the centre-left coalition led by Pier Luigi Bersani appears to have won a narrow victory in the lower house of parliament while the Senate looks split with no party in control.

The S&P/TSX composite index edged up 8.55 points to 12,659.42 while the Canadian dollar advanced 0.21 of a cent to 97.52 cents US.

U.S. indexes were higher amid a strong earnings report from Home Depot and positive news from the housing sector showing prices continuing to rise.

The Dow Jones industrials were up 75.65 points to 13,859.82, the Nasdaq composite index gained 9.07 points to 3,125.32 and the S&P 500 index climbed 7.06 points to 1,494.91.

The Canadian Press


Read more Business News

21186


Recent Trending




Today's Market
S&P TSX15215.26-115.471
S&P CDNX1000.63-0.89
DJIA16493.37-69.93
Nasdaq4352.639-17.134
S&P 5001925.15-5.52
CDN Dollar0.9158-0.0003
Gold1293.10+11.7999
Oil97.85-0.32
Lumber325.20+0.80
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.180.00
Knighthawk0.01-0.005
QHR Technologies Inc1.20-0.01
Cantex0.085+0.02
Anavex Life Sciences0.255-0.007
Metalex Ventures0.14+0.06
Russel Metals34.94-0.29
Copper Mountain Mining2.67-0.08
Colorado Resources0.185-0.02
ReliaBrand Inc0.15+0.05
Sunrise Resources Ltd0.035+0.005
Mission Ready Services0.155+0.005

 



22481

FEATURED Property
18992123997 Gallagher's Parkland
3 bedrooms 3 baths
$949,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Jobs, jobs, jobs galore

On March 6, 2010 a bridge in Turku, Finland bent 56 inches (143 centimeters) due to structural failures of both piers. No one was injured. The bridge had to be demolished 4 months later. Our infrast...


The rewards of listening

Eighty percent of our success in learning from other people is based on how well we listen. Other people’s experience can be enormously helpful. With it we can often overcome time restraints and...


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...

_








Member of BC Press Council