Wednesday, January 28th-3.3°C
24736
24889

German confidence moves TSX up

The Toronto stock market is slightly higher amid reassuring data on investor optimism suggesting Germany will be able to avoid slipping into recession.

Traders also looked to the start of the U.S. Federal Reserve's meeting on interest rates and hoped for a resolution to the fiscal cliff crisis which threatens to push the U.S. back into recession.

The S&P/TSX composite index gained 16.57 points to 12,247.04 while the Canadian dollar rose 0.04 of a cent to 101.36 cents US.

Hopes for further Fed stimulus helped push the Dow Jones industrials up 65.97 points to 13,235.85, the Nasdaq rose 25.06 points to 3,012.02 and the S&P 500 index was 7.46 points higher at 1,426.01.

On the corporate front, Hudson's Bay Co. (TSX:HBC) reported its loss from continuing operations was $8.5 million or eight cents per share in the third quarter. That compared with a loss from continuing operations of $7.5 million or seven cents per share in the same year-earlier period.

Hudson's Bay Co. also said it will initiate a quarterly dividend of just over nine cents per share and its shares dipped a penny to $16.80.

The Canadian Press


Read more Business News

23643


Recent Trending




Today's Market
S&P TSX14833.88+36.05
S&P CDNX676.77+2.38
DJIA17387.21-291.49
Nasdaq4681.498-90.266
S&P 5002029.55-27.54
CDN Dollar0.8039-0.0031
Gold1288.80+9.40
Oil47.32-0.63
Lumber312.50+0.80
Natural Gas2.907-0.074

 
Okanagan Companies
Pacific Safety0.12-0.02
Knighthawk0.010.00
QHR Technologies Inc1.43+0.04
Cantex0.0350.00
Anavex Life Sciences0.180.00
Metalex Ventures0.035-0.005
Russel Metals24.33-0.12
Copper Mountain Mining1.05-0.04
Colorado Resources0.155+0.02
ReliaBrand Inc0.0069+0.0009
Sunrise Resources Ltd0.055+0.03
Mission Ready Services0.21-0.03

 



24497

FEATURED Property
2109648Kinncum Rd
$34,900
more details
image2
Click here to feature your property
Please wait... loading


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...


Ailing Parents: Tax Issues

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if you...


What do I pay ICBC for anyway?

If you have had ongoing dealings with ICBC as a result of a car accident than you have likely had the pleasure of dealing with at least two sides of ICBC. Initially the relationship starts off pleasan...

_








Member of BC Press Council


24697