By the numbers, business report
Sep 5, 2012 / 6:44 am
The Toronto stock market was little changed at the open as a profit warning from package delivery giant FedEx added to worries about a slowing economy.
The S&P/TSX composite index added 7.17 points to 11,948.87.
The Canadian dollar was 0.33 of a cent lower at 101.11 cents US as the Bank of Canada left its benchmark interest rate unchanged at one per cent while noting there is a widespread slowing of activity across most economies.
New York markets were mixed with the Dow Jones industrials up 27.92 points to 13,063.86. The Nasdaq composite index slipped 1.12 points to 3,073.94 and the S&P 500 index was 1.42 points lower at 1,406.36.
Oil gained 11 cents to US$95.39 a barrel.
Nervousness about a slowing global outlook was heightened after FedEx said quarterly profits will fall short of management's prior projections. The package delivery giant pointed to weakness in the global economy that constrained revenue growth more than expected.
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