P.M. market numbers: August 27, 2009

By Staff | August 27, 2009 | Last updated on August 27, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market closed slightly higher Thursday, thanks in large part to strong earnings from three of the big Canadian banks.

It was another volatile day on the S&P/TSX composite index, which lost as much as 104 points before rallying to close up 21.79 points to 10,933.96.

The energy sector led declines, down 1.17% even as oil prices moved higher.

The October crude oil contract on the New York Mercantile Exchange rose $1.06 to US$72.49 a barrel following two days of losses that had carved about US$3 from the price of oil.

The Canadian dollar moved higher following two days of sharp declines that followed a warning from the Bank of Canada that it is prepared to intervene to stop the sharp rise of the loonie that could derail the economic recovery. The loonie closed up 1.02 cents to 92.11 cents U.S.

New York markets strengthened as gross domestic product data showed the U.S. economy might be stabilizing.

The Dow Jones industrial average rose 37.11 points to 9,580.63 as a U.S. Commerce Department report showed the U.S. economy shrank at a 1% annualized rate in the second quarter. The updated figure was unchanged from a preliminary reading that economists had predicted would be revised lower to a 1.5% decline. roduction.”

The Nasdaq composite index was 3.3 points higher at 2,027.73 while the S&P 500 index was up 2.86 points to 1,030.98.

Investors are worried about extending the market’s spring and summer rally, in which stocks have risen more than 45% off of multi-year lows since early March.

Analysts say the market has been running out of reasons to move higher and is now looking for more convincing signs of recovery in the economy before resuming its upward march.

Other commodity prices were mixed as the December bullion contract on the New York Mercantile Exchange rose $1.50 to US$947.30 an ounce while September copper was down 0.85 of a cent at $2.8485 a pound.


North American markets Back to Top
Close Change YTD
Dow Jones 9,580.63 +37.11 or +0.39% +9.16%
S&P 500 1,030.98 +2.86 or +0.28% +14.14%
NASDAQ 2,027.73 +3.30 or +0.16% +28.58%
TSX Composite 10,933.96 +21.79 or +0.20% +21.65%

International markets Back to Top
Close Change YTD
Nikkei 10,473.97 -165.74 or -1.56% +18.22%
Hang Seng 20,242.75 -213.57 or -1.04% +40.70%
SENSEX 15,781.07 +11.22 or +0.07% +63.58%
FTSE 100 4,869.35 -21.23 or -0.43% +9.81%
CAC 40 3,648.53 -19.81 -0.54% +13.38%
DAX 5,470.33 -51.64 or -0.94% +13.72%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.96 102.97 3.39
Cdn. 30-year bond 118.66 118.56 3.89
U.S. 10-year bond 101.34 101.59 3.43
U.S. 30-year bond 104.53 105.14 4.23

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9211 0.9112
US $ 1.0856 1.0975

Euro Spot Rate Today Previous
Canadian $ 0.6416 0.6394
Euro 1.5587 1.5640

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $943.50 $943.00

Oil Close Change
WTI Crude Future (US) $72.79 +$1.36 or +1.90%


Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.