Bank rate up a quarter-point; economists see more to come
S&P/TSX up 71 points; Dow Jones falls 42
It was fitting, perhaps, that Air Canada, was the most active stock on Bay Street Wednesday. Toronto stocks took flight briefly in afternoon trading before — like shares of the beleaguered airline — going into a tailspin and ending the day in negative territory. U.S. markets, meanwhile, soared to a two-week high.At close, Toronto’s S&P/TSX […]
S&P/TSX down nine points; Dow Jones up 18
S&P/TSX up 69 points; Dow Jones climbs 129 points
Jobless data have some economists wondering whether U.S. central bank will stand pat next week
Housing starts in Canada are expected to hit 225,700 units this year, making 2004 the strongest year since 1987 for new home construction, according to Canada Mortgage and Housing Corp.But with mortgage rates on the rise, starts as well as sales and the rate of increase of home prices will begin to slow, CMC said […]
Consumer spending and manufacturing activity data released this week in the U.S. are no reason for panic, says RBC Financial Group.On balance, the data show the U.S. economy is still fundamentally healthy and that the recent string suggesting a softening marked a “temporary June hiccup,” says RBC economist Allan Seychuk.The Commerce Department reported Tuesday that […]
With most of the earnings out of the way, investors will one again be watching economic data for clues of where the financial markets will be headed. Most eyes, on both sides of the border, will be looking to the labour-force reports due out Friday.Certainly the unemployment rate will be the most significant offering in […]
Also retail sales and more corporate earnings