Saturday, July 4th31.1°C
26932
26754

Telecoms hold back TSE

The Toronto stock market was slightly higher Thursday as resource sectors benefited from signs of a recovering Chinese manufacturing sector. But the market was held back by earnings disappointments in the telecom and mining sectors.

Overall market sentiment also got a lift from American data showing a better than expected reading for consumer confidence and strength in the U.S. manufacturing sector.

The S&P/TSX composite index climbed 30.28 points to 12,453.19 while the TSX Venture Exchange added 4.36 points to 1,318.83.

The Canadian dollar shook off early losses to move up 0.17 of a cent at 100.27 cents US.

U.S. markets bounded ahead with the Dow Jones industrials jumping 147.34 points to 13,243.8, the Nasdaq composite index gaining 35.67 points to 3,012.9 and the S&P 500 index rising 13.43 points to 1,425.59.

The Conference Board says its consumer confidence index increased in October to 72.2, the highest level in almost five years.

Consumers were more confident after seeing better job growth, the report noted.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7955-0.0018
Gold1167.10+4.10
Oil56.20-1.41
Lumber288.50+0.40
Natural Gas2.77-0.05

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 





FEATURED Property
23288942955 ensign way
$135,000
more details
image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_





26370


Member of BC Press Council


25143