Oct 23, 2012 / 6:55 am
The Toronto stock market tumbled more than 200 points at the open as commodity prices retreated amid earnings disappointments in the U.S..
The S&P/TSX composite index fell 213.87 points to 12,189.67.
The Canadian dollar reversed early losses as the Bank of Canada said it was keeping its key rate unchanged at one per cent while keeping intact language warning that it will raise rates at some point. The bank also notes it will consider the health of the household sector in setting monetary policy, something it hasn't done in previous interest rate announcements
U.S. markets were sharply lower in the wake of disappointments from Dow heavyweights DuPont and 3M.
The Dow industrials lost 159.75 points to 13,186.14, the Nasdaq was down 29.83 points to 2,9897.13 while the S&P 500 index fell 15.82 points to 1,418.
Oil fell $1.05 to US$87.60 a barrel.
Read more Business News
|QHR Technologies Inc||0.61||0.00|
|Anavex Life Sciences||0.735||0.00|
|Copper Mountain Mining||1.79||-0.02|
With so many choices and variables, how do you find the perfect fit? Before you start your search, it’s a good idea to narrow down the playing field by looking at what would fit you best. Here&r...
My closest partner is my wife and this week I just wanted to share some of our work from her perspective, as she is more of a "thinker" than me, and I wanted to share our activities and goa...
Photo: ContributedAn artist's rendering of the finished SOPA square.This is good news for Kelowna and the valley. Penticton’s Greyback Construction has signed a management contract with the...
- Asian markets down over concerns
- Global energy companies 'dead serious' about B.C. natural gas, says minister
- Teletoon Canada plans to air 'Inspector Gadget' reboot
- TSX drops in early market trading
- Canadian dollar takes a hit
- Apple unveils music streaming service
- What's up Apple?
- Canadian dollar rises on job report
- Tom Cruise backs Wal-Mart
- Royal Bank to edge up mortgage rates
- Loonie surges, stocks to open higher
- Canada adds 95,000 jobs in May