Money Sense

[Twenty Dollars]

The S&P/TSX Composite Index wavered throughout the day and edged higher by the close up 9.16 points, or 0.06 per cent to close at 14,639.88 in Toronto. The industrial, consumer discretionary, financial and energy stocks were the biggest gainers while utilities, materials and telecom services stocks were the biggest decliners.

 

The Canadian dollar fell 0.47 of a cent to .7688 US.

Looking like the U.S. Dollar is doing pretty well everywhere. As high as it's ever been in Costa Rica. Thanks Obama.

[Anonymous]

The S&P/TSX Composite Index wavered throughout the day and edged higher by the close up 9.16 points, or 0.06 per cent to close at 14,639.88 in Toronto. The industrial, consumer discretionary, financial and energy stocks were the biggest gainers while utilities, materials and telecom services stocks were the biggest decliners.

 

The Canadian dollar fell 0.47 of a cent to .7688 US.

Looking like the U.S. Dollar is doing pretty well everywhere. As high as it's ever been in Costa Rica. Thanks Obama.

Thanks Obama. What the fuck does he have to do with declining demand world wide demand in commodities you idiot.

[Anonymous]

Oil and oil related stocks had a good day on the back of falling inventories South of the border. It was trading at about $47.60 around 2:30 pm Eastern time.

[Anonymous]

North American stock markets ended Tuesday mostly flat, as the focus zeroed in on the U.S. Federal Reserve's two-day meeting on monetary policy.



The S&P/TSX composite index in Toronto was ahead by 25.75 points at 14,521.98, while the loonie was flat at 75.71 cents.



In commodities, the November contract for crude oil gained 19 cents at US$44.05, while the October contract for natural gas climbed 11 cents to US$3.05 per mmBtu.



The December gold contract jumped 40 cents at US$1,318.20 per ounce and December copper was up a penny at $2.17 a pound. -

[Anonymous]

NEW YORK — Oil prices settled up nearly 6 per cent on Wednesday after OPEC struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since 2008 and after the market crashed on oversupply.



The Organization of the Petroleum Exporting Countries reached agreement to limit its production to a range of 32.5-33.0 million barrels per day (bpd) in talks held on the sidelines of the Sept. 26-28 International Energy Forum in Algiers, group officials told Reuters.



OPEC estimates its current output at 33.24 million bpd.



"We have decided to decrease the production around 700,000 bpd," Iranian Oil Minister Bijan Zanganeh said.



OPEC will agree to production levels for each member country at its Nov. 30 meeting in Vienna, group officials said. After reaching its group target, it will seek support from non-member oil producers to further ease the global glut.



Brent crude settled up US$2.72, or 5.9 per cent, at US$48.69 a barrel, hitting a more than two-week high of US$48.96.



U.S. West Texas Intermediate (WTI) crude rose by US$2.38, or 5.3 per cent, to settle at US$47.05, after a peak US$47.45, its highest since Sept 8.



The oil rally spilled over into the stock market, with Wall Street's index of energy shares rising 4 per cent for its best one-day gain since January.

http://business.financialpost.com/news/energy/oil-jumps-on-speculation-opec-may-reach-agreement-in-algiers?__lsa=9a49-c3dd">http://business.financialpost.com/news/ ... =9a49-c3dd">http://business.financialpost.com/news/energy/oil-jumps-on-speculation-opec-may-reach-agreement-in-algiers?__lsa=9a49-c3dd

[Anonymous]

The Canadian dollar (CAD=D4) ended at C$1.3109 to the greenback, or 76.28 U.S. cents, much stronger than Tuesday's close of C$1.3203, or 75.74 U.S. cents.



The currency's weakest level was C$1.3269, while it touched its strongest since Friday at C$1.3087.



The loonie's 0.7 percent gain was the most since Sept. 2.



The U.S. government reported that U.S. core capital goods orders rose for the third straight month in August, a positive signal for the business investment outlook.



A pickup in U.S. business investment would improve the outlook for Canada's non-energy exports.



However, the market will be cautious about buying much more Canadian dollars ahead of domestic gross domestic product data on Friday, Sahota said.



The economy is expected to have grown by 0.3 percent, which would reinforce expectations that it rebounded in the third quarter after contracting in the second. (ECONCA)



Canadian government bond prices were lower across the yield curve, with the two-year (CA2YT=RR) down 3.5 Canadian cents to yield 0.516 percent and the benchmark 10-year (CA10YT=RR) falling 11 Canadian cents to yield 0.978 percent.



Still, the 10-year yield earlier touched a new historic low intraday at 0.915 percent.

[Anonymous]

Oil future contracts are trading at their highest prices in nearly four months, briefly lending support to the Canadian dollar.



The loonie gained as much as two-thirds of a U.S. cent late this morning, before giving up some of the gains.



The petro-sensitive currency was at 76.45 cents US later in the morning, up 0.22 of a U.S. cent from Tuesday's close.



Heavily traded December contracts for crude traded as high as US$52.22 per barrel, their highest since late June. They later gave up some gains to trade at $51.97 per barrel, up $1.35 from the previous close. November contracts were at $51.71, up $1.42, but on less volume.



At the Toronto Stock Exchange, the S&P/TSX composite index was up a moderate 76.13 points or about half a percentage point at 14,828.38 — just short of a 52-week high.



The Dow Jones Industrial average was up 59.68 points at 18,221.62, the S&P 500 index was up 5.16 points at 2,144.76 and the Nasdaq composite was up 0.81 at 5,244.64.



December gold contracts were also up, rising US$10.60 to $1,271.40 an ounce, while December copper contracts were little-changed at US$2.10 a pound. November natural gas contracts were down 10 cents at US$3.16 per mmBTU.

[Anonymous]

The TSX, the Canadian dollar and oil all were lower as OPEC failed to reach a supply reduction agreement.

[Anonymous]

The TSX, oil, and the dollar were all flat today with oil West Texas Intermediate beolw $45 and the Candian dollar below 75 cents.

[Anonymous]

Dow futures cut losses, still down about 400 points, as Trump win stuns market



Stock index futures came well off session lows after Hillary Clinton conceded the presidential election to Donald Trump.



However, Dow futures were still about 400 points lower after earlier falling 800 points. Stock futures fell and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House.



Just before midnight ET, S&P 500 futures and Nasdaq 100 futures plunged more than 5 percent. Around 6:31 a.m. ET, they held about 56 points lower and 149 points lower, respectively.



That was just above levels identified as "limit down" by the CME, which confirmed to CNBC that S&P and Nasdaq futures can trade above but not below those prices until 9:30 a.m., ET, when the Wednesday U.S. trading session begins.



Trade volume in eMini S&P futures was about 17 times the average daily volume, according to a note from Citi.



Investors moved into the safety of bonds Tuesday evening as traders questioned whether Democrat Hillary Clinton could still win the race. The Mexican peso briefly fell more than 10 percent against the U.S. dollar.

"Right now, the markets are heading for the hills, but we'll see," said Robert Tipp, chief investment strategist, global bonds and foreign exchange at Prudential Fixed Income. "That's a function of fear as much as fact."



Tipp said it's not clear whether Trump would be as disruptive as the markets worry he could be, since it's unclear what parts of his platform would be pursued and what type of individuals he would choose for his Cabinet.



U.S. futures were volatile as election results started rolling out at around 7 p.m. ET. Dow futures were up as much as 100 points at one point before turning south as state after state were projected to have picked Trump.



Keith Parker, global equity strategist at Barclays who studied what might happen if Trump were to win, projected the S&P 500 could move initially to around 2,000, if the Republican businessman prevails. The S&P 500 ended Tuesday's session higher, up 8 at 2,139, as markets speculated that Clinton was in the lead.



"Markets would be volatile. Equities would take their cue from confidence indicators — what Trump says, what the GOP leadership does," he said.

http://www.cnbc.com/2016/11/08/stock-futures-waffle-after-first-election-results-emerge-showing-tight-race.html">http://www.cnbc.com/2016/11/08/stock-fu ... -race.html">http://www.cnbc.com/2016/11/08/stock-futures-waffle-after-first-election-results-emerge-showing-tight-race.html

[Anonymous]

It is going to be an interesting day at the office.

[Anonymous]

Everything is down in my portfolio. But the initial shock seems to have subsided a bit as Trump gave his victory speech.

[Anonymous]

It's a better time right now for traders rather than investors. It's a period of volatility for a little while anyway.

[cc]

Oh?



Record  "American" stock high yesterday .... very shortly after opening



Sorry to have to tell you bout that / burst yer negative bubble, guy

[Anonymous]

Oh?



Record  "American" stock high yesterday .... very shortly after opening



Sorry to have to tell you bout that / burst yer negative bubble, guy

Now TD is posting repetitive bullshit in the Seoul brother's thread. Same rules apply here as in Politics.