Toronto stock market registers gains thanks to resource, finance ...
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TORONTO (CP) - Higher oil and gold prices along with a financial services sector on the mend fuelled respectable gains on the Toronto stock market Thursday.
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Equities set new records as takeovers, earnings, and friendly economic data cheered on the market.
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U.S. stocks gained on Friday, lifted by government data showing stronger-than-expected job growth last month and a surge in the shares of Citigroup Inc.
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US stocks rose on Tuesday as energy and mining companies were lifted by soaring commodity prices.
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Stocks rose on Wednesday, helped by gains in energy shares as oil prices traded near $73 a barrel and financial shares rebounded a day after falling on worries about the subprime mortgage industry.
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Stocks rebounded on Wednesday, pushing the S&P 500 and the Nasdaq up more than 2 percent, after investors snapped up beaten down technology shares, while the energy sector benefited from a surge in oil prices.
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A barrage of economic releases triggered plenty of action in the currency and bond markets on Tuesday while US stocks received a fillip from a burst of takeover speculation in the metals and mining sector.
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Wall Street stocks rose on Friday after strong results from Research (NASDAQ:RIMM) In Motion provided a boost to the technology sector and on reports that Merrill Lynch may get a multi-billion dollar capital infusion from Singapore.
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A combination of robust economic performance and the expectation of higher interest rates sent the Canadian dollar surging this morning.
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London equities made strong progress in opening trade on Monday, with resource stocks once more at the forefront of the rally as commodities markets remained bullish.
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TORONTO (CP) - Canadian Tire reported a 17 per cent jump in quarterly earnings on Thursday, boosted by higher sales and improved business at the financial services business.
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The Toronto stock market posted a small gain today, pushed higher by the gold sector, but drug company Merck &amp; Co. took the Dow Jones industrial average into the red after taking its arthritis drug Vioxx off the market.
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Stocks rose at the market open on Tuesday, led by early gains in the biotechnology and computer equipment sectors.
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Toronto stocks closed higher yesterday, notching their first winning week in three as technology and gold issues teamed up to boost the market.
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European stocks gained, paced by banks. HBOS Plc and Deutsche Bank AG rose. The Dow Jones Stoxx 50 Index rose 0.3 percent to 2694.
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TORONTO (CP) - Stock markets pushed higher Friday morning after a report that the US economy grew at a slower pace than had first been estimated by the government, but not as slow as some economists had expected.
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London shares made strong gains in early trade on Tuesday, boosted by a rally on Wall Street overnight and led by mining stocks as metal prices continued to rise.