Canadian stocks were lingering in red Monday morning

October 31, 2011 11:17 AM4 comments
Canadian stocks were lingering in red Monday morning

Canadian stocks were lingering in red Monday morning, paring recent gains, as initial euphoria over EU’s rescue plan to contain the two-year euro zone debt crisis waned. Moreover a strong U.S. dollar weighed on commodities, putting pressure on the resource-heavy main index. Also, traders overlooked a strong showing by the […]

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TSX has best day in two weeks on Europe deal

October 27, 2011 12:45 PM0 comments
TSX has best day in two weeks on Europe deal

TORONTO – Toronto’s main stock index soared more than 2 percent in its best single-day gain in two weeks, buoyed by optimism over a long-awaited deal among European policymakers to tackle the region’s debt crisis. The Toronto Stock Exchange’s S&P/TSX composite index closed up 279.88 points, or 2.3 percent, at […]

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TSX Rallies Over 2% At Open Thursday

7:11 AM1 comment
TSX Rallies Over 2% At Open Thursday

TSX Rallies Over 2% At Open Thursday Canadian stocks rallied at open Thursday amid buying across a variety of sectors, with the S&P/TSX Composite Index gaining 245.61 points or 2.02 percent to 12,431.68. The Diversified Materials Index surged over 7 percent at open, with First Quantum Minerals soaring nearly 13 […]

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eMediaWorld TSX Poised For Mixed Open

October 26, 2011 7:31 AM2 comments
eMediaWorld TSX Poised For Mixed Open

Canadian stocks may struggle to move higher Wednesday morning as traders might exercise caution ahead of a crucial EU meeting to consider tangible steps to tackle the euro debt crisis, scheduled today. However, firm commodities might help lift trader sentiment, lending a floor to stocks. On Tuesday, the S&P/TSX Composite […]

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eMediaWorld Canadian Market Report

October 25, 2011 8:09 AM3 comments
eMediaWorld Canadian Market Report

Canadian stocks were struggling for direction Tuesday morning as traders turned cautious ahead of tomorrow’s EU meeting and booked profits. European leaders are scheduled to meet Wednesday at Brussels to come with a tangible solution for the euro zone debt crisis. Meanwhile, the Bank of Canada has left its key […]

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TSX edges higher as gold rallies

7:28 AM3 comments
TSX edges higher as gold rallies

Toronto’s main stock index turned higher on Tuesday morning, hitting a one-month peak and reversing steep losses in volatile trade as gold prices rallied following grim U.S. consumer confidence data. Among the most influential gainers, Barrick Gold Corp rose 2.6 percent to C$47.64 and Goldcorp Inc picked up 2.7 percent […]

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Canadian stocks are poised for a higher open Monday

October 24, 2011 7:25 AM0 comments
Canadian stocks are poised for a higher open Monday

Canadian stocks are poised for a higher open Monday as commodities were steady amid positive economic data from Asia. Trader sentiment was also lifted after European leaders pledged to come out with a viable solution for the euro zone debt crisis by Wednesday, though they failed to make any concrete […]

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TSX climbs on China data, Europe hopes

7:01 AM1 comment
TSX climbs on China data, Europe hopes

Toronto’s main stock index rose sharply on Monday morning, lifted by encouraging manufacturing data from China and hopes that European leaders may soon strike a deal to fix the euro-zone debt crisis. Resource shares were among the big gainers as commodity prices, including gold, rallied. Barrick Gold rose 2.9 percent […]

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Sino-Forest ready to make interest payment

October 21, 2011 11:03 AM1 comment
Sino-Forest ready to make interest payment

Sino-Forest Corp said on Friday that it had deposited the funds needed to make a semi-annual interest payment, a move that could ease investor concerns about the Chinese forestry company’s financial health. The Toronto-listed company, which has been accused of fraud, said it had deposited a coupon payment for 6.25 […]

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eMediaWorld; TSX Poised For Positive Open

6:42 AM3 comments
eMediaWorld; TSX Poised For Positive Open

Bay Street stocks are poised for a positive open Friday amid steady commodities and investors’ anxiety over the EU summit scheduled later this week. Germany and France released a statement on Thursday saying leaders would now hold two summits to discuss the debt crisis, with a solution in place by […]

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