By the numbers, morning report
Sep 13, 2012 / 6:47 am
The Toronto stock market was lower as traders hope that the U.S. Federal Reserve will deliver another round of stimulus to help lift a struggling economy.
The S&P/TSX composite index declined 16.4 points to 12,216.22 as the Fed wraps up its two day meeting on interest rates at midday.
However, traders are also cautious, realizing that the Fed may not want to launch another round of stimulus with the U.S. election less than two months away.
The Canadian dollar inched up 0.03 of a cent to 102.43 cents US.
New York markets were little changed with the Dow Jones industrials up 4.58 points to 13,337.93, the Nasdaq composite index edged up 1.2 points to 3,115.51, and the S&P 500 index was unchanged at 1,436.56.
Oil prices jumped $1.41 to US$98.42 a barrel after the killing of the U.S. ambassador to Libya sparked new worries about unrest in the Middle East.
Read more Business News
|QHR Technologies Inc||0.56||-0.01|
|Anavex Life Sciences||0.475||-0.025|
|Copper Mountain Mining||1.73||-0.02|
Owning a business is a daily battle. Customers reduce everything to the most easily comparable factors – apples to apples – and dollars per unit. Business owners must constantly strive to...
I had a crazy thought a few years ago. I was in the lobby of a Church talking to Matt Blacklock. Matt is a friend and ultra-marathon runner who has tackled some of Canada’s toughest long distan...
Big Picture Stocks press on Most major global equity markets continued their upward journeys this week despite less-than-inspired economic data. In the US, weaker-than-forecast employment and housing...
- Loonie heads lower
- Loonie takes a short dive
- Music industry biggies donate $70M
- IRS investigated for tea party targeting
- Loonie weakens as commodities fall
- The buck is up - a little
- Cheap deadly cars made in Brazil
- Bangladesh to raise wages
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral