Thursday, October 2nd8.5°C
22738
22497

TSX higher on strong commodity prices

The Toronto stock market was higher early Friday as prices rose for key commodities while data suggested a cooling of the Canadian housing market.

The S&P/TSX composite index gained 55.80 points to 12,799.91 shortly after markets opened.

The Canadian dollar was up 0.19 of a cent at 98.01 cents US, coming off a three-week high of 98.22 reached earlier in the morning.

The Canadian Real Estate Association reported that home and condo resales fell 2.1 per cent in February from the previous month, when they logged a small gain.

On a year-over-year basis, last month's activity was down 15.8 per cent

Meanwhile, U.S. markets gave back some of the enthusiastic gains from recent sessions, when the Dow surged to a record high, while the S&P neared its own record mark.

The Dow industrials dropped 34.99 points off its new high to 14,504.15.

The Nasdaq was down 4.75 points to 3,254.18 and the S&P 500 index slid 2.97 points to 1,560.26.

In commodities, the April crude contract on the New York Mercantile Exchange added 56 cents to US$93.59 a barrel, while the TSX energy sector gained 0.6 per cent.

Gold stocks were up 0.4 per cent as April bullion rose 90 cents to US$1,591.60 an ounce. May copper gained 0.7 of a cent to US$3.54 a pound.

Meanwhile, in the U.S. a spike in gas prices drove up expenses in February. The Labor Department says consumer prices increased a seasonally adjusted 0.7 per cent last month from January, the biggest rise since June 2009. Three-fourths of the increase reflected a 9.1 per cent surge in gas prices.

The Canadian Press


Read more Business News




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 Dollar0.8987+0.0031
Gold1214.40-1.10
Oil86.79-2.32
Lumber344.10+6.30
Natural Gas4.044+0.021

 
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

 





FEATURED Property
1953599#53 3381 Village Green Way
3 bedrooms 1 baths
$74,900
more details
image2image2image2
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 ...

_








Member of BC Press Council


23504