Sunday, September 21st7.8°C
23284
22646

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

23480


Recent Trending




Today's Market
S&P TSX15265.35-200.19
S&P CDNX955.06-10.73
DJIA17279.7413.75
Nasdaq4593.426-13.637
S&P 5002010.40-0.96
CDN Dollar0.9126+0.0004
Gold1216.90-10.00
Oil92.45-0.62
Lumber329.00-0.90
Natural Gas3.911-0.064

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.37+0.05
Cantex0.05-0.01
Anavex Life Sciences0.223-0.0031
Metalex Ventures0.060.00
Russel Metals35.75-1.26
Copper Mountain Mining2.66-0.02
Colorado Resources0.165-0.01
ReliaBrand Inc0.0249+0.0009
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



21196

FEATURED Property
2065480#261-654 Cook Road
2 bedrooms 2 baths
$299,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Is this a fair offer from ICBC?

“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...

_








Member of BC Press Council


22814