41717
39499
S&P/TSX
15033.64
-48.57
-0.32%
S&P-CDNX
767.42
-2.07
-0.27%
S&P-500
2430.01
-38.10
-1.54%
NASDAQ
6221.9146
-123.1943
-1.9416%
Dow
21750.73
-274.14
(-1.24%)
Dollar
0.7881
-0.0005
-0.0634%
Oil
46.97
-0.12
-0.25%
Gold
1288.60
+2.20
+0.17%
Silver
17.05
-0.00
-0.02%


TSX heads higher

The Toronto stock market was higher amid relief over continued support for economic stimulus from the U.S. Federal Reserve and mixed commodity prices.

The S&P/TSX composite index was ahead 57.85 points to 12,626.62. The Canadian dollar slipped 0.02 of a cent to 96 cents US.

U.S. indexes were mixed amid a strong earnings report from the financial sector as Morgan Stanley beat expectations.

The Dow Jones industrials were 40.31 points higher to 15,510.83, the Nasdaq was down 0.96 of a point to 3,609.04 and the S&P 500 index gained 2.74 points to 1,683.65. Oil was up 41 cents at $106.89 a barrel

Elsewhere on the earnings front, Shoppers Drug Mart (TSX:SC), which is being acquired by Loblaw Cos. Ltd. (TSX:L) in a $12.4 billion deal, posted quarterly earnings of $147 million or 73 cents a share, one cent above expectations.

Traders will also take in a second day of congressional testimony from U.S. Federal Reserve chairman Ben Bernanke. Stocks rose yesterday after Bernanke said the Fed's timetable for reducing its bond purchases, a key element of economic stimulus, was not decided.



More Business News

39549
Recent Trending
44985
Castanet Proud Member of RTNDA Canada
38258
Press Room
36564
39499