P.M. market numbers: November 26, 2009

Canadian Press / November 26, 2009

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The Toronto stock market closed sharply lower following news that the Dubai government's flagship investment company is in deep financial trouble.

The S&P/TSX composite index dropped 200.1 points to 11,436.8 after the Dubai government said it would restructure Dubai World, which has developed a slew of extravagant real estate projects and is thought to have debts totalling around US$60 billion. It also said it was requesting a six-month standstill on repayment of its massive debt.

U.S. stock markets were closed for the Thanksgiving holiday.

A flight to safe havens pushed the Canadian dollar down 1.35 cents to 94.3 cents US.

Although New York commodity exchanges were closed, oil and metal prices moved lower in electronic trading following the Dubai announcement. Late in the afternoon, oil lost $1.73 to US$76.23 a barrel while gold was up $5.80 from Wednesday's latest record close to US$1,192.

In economic news, the Conference Board of Canada reported that its consumer confidence index decreased for a second consecutive month in November, falling 5.7 points to 79. The private sector group said that "the outlook for future job creation remains a significant detractor to consumer confidence.''

U.S. markets are closed Thursday for the Thanksgiving holiday.

(The Canadian Press)

North American markets

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Dow Jones	10,433.71	Closed	+18.88%
S&P 500	1,105.65	Closed	+22.41%
NASDAQ	2,169.18	Closed	+37.55%
TSX Composite	11,436.8	-200.10 or -1.72%	+27.25%

International markets

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	Open	Change	YTD
Nikkei	9,383.24	-58.40 or -0.62%	+5.91%
Hang Seng	22,210.41	-401.39 or -1.78%	+54.37%
SENSEX	16,854.93	-344.020 or -2.000%	+74.71%
FTSE 100	5,194.13	-170.68 or -3.18%	+17.14%
CAC 40	3,679.23	-129.93 or -3.41%	+14.33%
DAX	5,614.17	-188.85 or -3.25%	+16.71%

Bonds

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Bonds	$Current	$Previous	%Yield
Cdn. 10-year bond	104.50	104.08	3.20
Cdn. 30-year bond	120.12	119.65	3.81
U.S. 10-year bond	100.89	100.25	3.27
U.S. 30-year bond	102.34	101.55	4.24