North American stock markets begin Friday with step up; gold down, oil up

TORONTO -- North American stock markets began the last session of a difficult week with a substantial step up.

The Toronto Stock Exchange's S&P/TSX composite index gained 153.51 points or 1.3 per cent to 12,240.88, a turnaround after five days of losses that lowered the index by nearly 760 points since Feb.

See Full Article

4.

In New York, the Dow Jones industrial average was up 95.33 points, or less than one per cent, at 15,755.510.

The broader S&P 500 composite index advanced 14.94 points to 1,844.02 and the Nasdaq composite gained 35.95 points to 4,302.79.

The Canadian dollar was down 0.08 of a cent at 71.75 cents US.

On the commodity markets, the April gold contract fell $14.80 to US$1,233.00 an ounce.

March contracts for crude were up $1.93 at US$28.14 per barrel, copper contracts rose nearly three cents to $2.32 and natural gas contracts fell nearly two cents to US$1.98.



Advertisements

Latest Economic News

  • Valeant shares hit 2017 high following Dendreon sale

    Economic CTV News
    LAVAL, Que. -- Shares in Valeant Pharmaceuticals hit a new high for the year on the Toronto Stock Exchange this morning after the company completed the sale of its Dendreon subsidiary for US$819.9 million cash. Source
  • Murdoch takeover bid for Sky delayed for extra scrutiny

    Economic CTV News
    LONDON -- Britain's government stalled Twenty-First Century Fox's takeover of the Sky pay television and broadband network Thursday after regulators said the deal could give Rupert Murdoch and his family too much influence over the country's media. Source
  • Tim Hortons adds Canada 150 'poutine donut' for Americans only

    Economic CTV News
    Tim Hortons has added a poutine-flavoured doughnut to its menu for Canada's 150th anniversary, but the cheesy abomination of Canadiana will only be available in the United States. The American-owned, Canadian-founded coffee chain plans to roll out the poutine doughnut on Canada Day in the U.S. Source
  • Tip Top Tailors owner strikes deal to stay open after CCAA refinancing

    Economic CBC News
    The company that owns Tip Top Tailors, George Richards, Kingsport and Mr. Big and Tall will remain open with 140 stores after a refinancing plan that will see the company sold to U.S.-based GSO Capital Partners. Source
  • Home Capital says fight to survive added $175 million to its Q2 expenses

    Economic CTV News
    TORONTO - Home Capital Corp. says its expenses soared $175 million above normal during the second quarter as it fought to survive a cash shortage that erupted as customers withdrew most of the money they had deposited in the company's savings accounts. Source
  • A Canada Day miracle: Gas prices at 7-year low for July long weekend

    Economic CBC News
    In what might be described as a Canada Day miracle, the price of gasoline across the country is expected to be the lowest it's been in seven years for a July long weekend. According to research done by GasBuddy.com, gasoline prices in Canada are averaging $1.04 per litre, 14 cents per litre lower than the 10-year average. Source
  • Tim Hortons offering poutine doughnut on Canada Day — but only in the U.S.

    Economic CBC News
    To celebrate Canada's 150th birthday, Tim Hortons is serving up patriotic food. On the menu: a doughnut smothered in poutine and an Iced Capp coffee drink topped with whipped cream, maple flakes and bacon bits. Source
  • Online thrift store ThredUp expanding to Canada

    Economic CTV News
    TORONTO - After operating in the U.S. for nearly a decade, online thrift store ThredUp is expanding into Canada and setting its sights on shoppers who want to stay stylish but save their dimes. Some retail experts caution the company may find it difficult amid the growing popularity and proliferation of charity-based organizations and fast-fashion retailers who already appeal to the budget-conscious. Source
  • Global shares mixed as Asia rally sputters in Europe

    Economic CTV News
    HONG KONG -- Global shares are mixed after a rally in Asia sputtered out in early European trading. KEEPING SCORE: European shares fell back after opening mostly higher. Britain's FTSE 100 gained 0.3 per cent to 7,407.33 and Germany's DAX ticked down a fraction of a per cent to 12,645.28. Source
  • Asian stocks rally after Wall Street rebounds

    Economic CTV News
    HONG KONG -- Asian shares rallied Thursday following Wall Street's rebound as investors regained confidence in the global economic outlook. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.6 per cent to 20,242.63 and South Korea's Kospi advanced 0.7 per cent to 2,399.41. Source