Friday, May 29th20.6°C
25412
24949

Stock markets' lacklustre morning

The Toronto stock market was lower amid data showing the Canadian economy faltered in September.

Traders also waited for further word on how negotiations are progressing in heading off a critical U.S. budget impasse.

The S&P/TSX composite index was off six points to 12,196.85. The Canadian dollar was down 0.09 of a cent to 100.64 cents US as Statistics Canada reported there was no growth in gross domestic product during September following a 0.1 per cent dip during August.

New York markets were mixed as traders also took in disappointing consumer spending data.

The Dow Jones industrials were ahead 9.56 points to 13,031.38, as consumer spending dropped 0.2 per cent in October. That's down from an increase of 0.8 per cent in September and the weakest showing since May.

The Nasdaq inched up 0.04 of a point to 3,012.07, while the S&P 500 index slipped 0.42 of a point to 1,415.53.

The Canadian Press


Read more Business News

26255


Recent Trending




Today's Market

 
Okanagan Companies

 



26416

FEATURED Property
22228983237 Malbec Crescent
4 bedrooms 5 baths
$899,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What's a robo-advisor?

Photo: ContributedIt can only be attributable to human error. -Hal, 2001: A Space Odyssey For most of us who are within thinking distance of retirement, the term “robo” conjures up image...


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...

_





26418


Member of BC Press Council


25772