Tuesday, September 30th14.4°C
22738
22934

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.

The Canadian Press


Read more Business News

23226


Recent Trending




Today's Market
S&P TSX14960.51-16.41
S&P CDNX909.29-3.47
DJIA17042.90-28.32
Nasdaq4493.39-12.462
S&P 5001972.29-5.51
CDN Dollar0.8930-0.0029
Gold1209.20-9.6001
Oil89.94-2.84
Lumber333.50+4.60
Natural Gas4.124-0.03

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.26+0.03
Cantex0.065-0.025
Anavex Life Sciences0.184-0.001
Metalex Ventures0.0550.00
Russel Metals34.57+0.08
Copper Mountain Mining2.42-0.10
Colorado Resources0.165+0.015
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.32-0.02

 



23535

FEATURED Property
19472584134 Gallaghers Fairway S.
4 bedrooms 3 baths
$689,000
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 ...

_



23499

23499


Member of BC Press Council


22707