Friday, October 31st10.5°C
21625
22916

TSX up on news from China

The Toronto stock market is slightly higher amid news that China's manufacturing sector finally moved back to expansion mode.

The S&P/TSX composite index gained 10.36 points to 12,249.72 as HSBC's Purchasing Managers' Index for the world's second-biggest economy rose to 50.5 in November from October's 49.5. Any reading above 50 indicates activity is expanding. It was the first time in 13 months that China's manufacturing sector emerged from contraction.

The Canadian dollar was up 0.03 of a cent to 100.67 cents US.

The Dow Jones industrials gained 50.69 points to 13,076.27, as traders also looked to negotiations aimed at avoiding a fiscal crisis by the end of the year. The Nasdaq composite index rose 17.69 points to 3,027.93, and the S&P 500 index was ahead 6.64 points to 1,422.82.

Traders also took in a major deal in the food sector. Dairy and grocery products company Saputo (TSX:SAP) is paying US$1.45 billion to buy Morningstar Foods, a U.S. company that makes a variety of dairy and non-dairy products.

The Canadian Press


Read more Business News

22970


Recent Trending




Today's Market
S&P TSX14611.81+153.119
S&P CDNX767.31-4.34
DJIA17390.32194.90
Nasdaq4630.742+64.604
S&P 5002018.04+23.39
CDN Dollar0.8874-0.006
Gold1171.40-27.20
Oil80.50-0.40
Lumber325.70+2.10
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.125+0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.18+0.03
Cantex0.045-0.015
Anavex Life Sciences0.185+0.0139
Metalex Ventures0.03-0.005
Russel Metals32.97+0.75
Copper Mountain Mining2.09+0.12
Colorado Resources0.125-0.015
ReliaBrand Inc0.015+0.003
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.3750.00

 



23028

FEATURED Property
21170802000 Rosealee Lane
4 bedrooms 3 baths
$499,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


23091