P.M. market numbers: September 14, 2009

By Staff | September 14, 2009 | Last updated on September 14, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market closed higher for a third consecutive session Monday as rising financial and energy stocks made up for losses in the mining sector amid rising trade tensions between China and the United States.

Toronto’s S&P/TSX composite index closed up 78.81 points to 11,332.04, adding to last week’s rise of just over two per cent.

Concerns about a growing trade dispute rose after the U.S. government imposed trade penalties late Friday on tires coming from China. The Chinese government responded with a complaint to the World Trade Organization. Investors had worried it would erupt into a tariff war that could damage an economic recovery.

CMC Canada market analyst Colin Cieszynski said there is a fear that the dispute between the United States and China could spiral into something bigger.

The TSX energy sector was up almost one per cent even as a stronger U.S. dollar pulled down commodity prices and made a dent in the Canadian dollar. The loonie moved down 0.42 of a cent to 92.29 cents US.

The October crude contract on the New York Mercantile Exchange lost 43 cents to US$68.86 a barrel.

In New York, stocks recovered from steep losses at the open. The Dow Jones industrial average rallied to close up 21.39 points to 9,626.8, the Nasdaq composite index climbed 10.88 points to 2,091.78 while the S&P 500 index added 6.61 points to 1,049.34.

Traders reacted coolly to a speech from U.S. president Barack Obama, who warned the financial industry against the type of recklessness that led to the collapse of the brokerage Lehman Brothers Holdings Inc. one year ago. That event sent global stock markets tumbling last fall and winter and led to a freeze in the credit markets that power the world’s economies.

The gold sector was off almost one per cent as the December bullion contract on the New York Mercantile Exchange lost $5.30 to US$1,001.10 an ounce.


North American markets Back to Top
Close Change YTD
Dow Jones 9,626.80 +21.39 or +0.22% +9.69%
S&P 500 1,049.34 +6.61 or +0.63% +16.17%
NASDAQ 2,091.78 +10.88 or +0.52% +32.64%
TSX Composite 11,332.04 +78.81 or +0.70% +26.08%

International markets Back to Top
Close Change YTD
Nikkei 10,202.06 -242.27 or -2.32% +15.15%
Hang Seng 20,932.20 -229.22 or -1.08% +45.49%
SENSEX 16,214.19 -50.11 or -0.31% +68.07%
FTSE 100 5,018.85 +7.38 or +0.15% +13.19%
CAC 40 3,730.61 -4.28 or -0.11% +15.93%
DAX 5,620.24 -3.78 or -0.07% +16.84%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 103.23 103.53 3.32
Cdn. 30-year bond 118.69 119.24 3.86
U.S. 10-year bond 101.72 102.38 3.42
U.S. 30-year bond 104.51 105.53 4.23

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9229 0.9271
US $ 1.0835 1.0786

Euro Spot Rate Today Previous
Canadian $ 0.6313 0.6361
Euro 1.5841 1.5720

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $994.25 $999.25

Oil Close Change
WTI Crude Future (US) $68.85 -$0.44 or -0.64%


Advisor.ca staff


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