Jennifer's Feed
Mar 6, 2012

TSX dives as fears about growth, Greece mount

TORONTO, March 6 (Reuters) – Toronto’s main stock
index tumbled on Tuesday morning as fears mounted that the
global growth outlook is darkening and that Greece may not be
able to complete a major debt restructuring deal this week.

The resource-heavy index joined global markets in a sharp
fall on the lingering impact of gloomy euro-zone economic data
on Monday and of China’s move to lower its economic growth
forecasts. The index’s big materials and energy sectors fell by
2.9 percent and 2.3 percent, respectively, as commodity prices
slid on concerns about the demand outlook.

Mar 5, 2012

TSX falls as China sparks demand fears

TORONTO, March 5 (Reuters) – Toronto’s main stock
index fell along with stock markets around the world on Monday
after China signaled slower economic growth and the specter of
recession in Europe was raised again.

Fears of declining demand pushed down Toronto’s
resource-linked sectors, which combined comprise about 40
percent of the index. Leading the way down was diversified miner
Teck Resources,, which fell 6 percent to C$36.20 as
the price of copper skidded after China, the world’s largest
buyer of industrial metals, announced its lowest annual growth
target in eight years.

Mar 5, 2012

TSX falls as China, Europe worries weigh

TORONTO, March 5 (Reuters) – Toronto’s main stock
index joined global markets in falling on Monday morning after
China cut its 2012 economic growth target to an eight-year low
and new economic data raised expectations of a recession in
Europe.

World stocks fell and the euro touched two-week lows after
figures showed a sharp downturn in purchasing activity in
February among Italian and Spanish businesses, while Germany
slowed and France stalled.

Mar 2, 2012

C$ skids to snap 4 days of gains, but up on week

TORONTO, March 2 (Reuters) – The Canadian dollar
retreated against its U.S. counterpart on Friday after touching
a year-high this week, as the greenback climbed broadly amid a
risk-off tone in global markets.

The euro fell against the U.S. dollar on revived worries
about Europe’s fiscal stability, while oil prices sank after
touching 3-1/2 year highs and the stronger greenback weighed on
gold prices.

Mar 2, 2012

C$ slips after 4 days of gains, shrugs off GDP

TORONTO, March 2 (Reuters) – The Canadian dollar
retreated against its U.S. counterpart on Friday after a string
of gains this week as currency traders largely shrugged off
muted domestic fourth-quarter growth data.

Canadian economic growth slowed to an annualized 1.8 percent
in the fourth quarter of 2011 from a sharply upwardly revised
4.2 percent in the third period, as positive temporary factors
faded and government stimulus continued to wind
down.

Mar 1, 2012

US, China data help C$ rise to 2012 high

TORONTO, March 1 (Reuters) – The Canadian dollar
climbed against the U.S. currency for the fourth straight day on
Thursday, hitting its highest level of the year, spurred by
upbeat U.S. and Chinese economic data.

U.S. jobless claims data that bolstered views of a
strengthening labor market and solid monthly sales from U.S.
chain stores boosted stock markets and gave investors confidence
to move away from safe-haven government debt and the greenback.

Feb 29, 2012

TSX tumbles as materials falter on weak gold

TORONTO, Feb 29 (Reuters) – Toronto’s main stock index
ended lower on Wednesday with materials shares hit as gold
prices weakened after U.S. Federal Reserve Chairman Ben Bernanke
failed to provide hints of further monetary stimulus, which sent
the U.S. dollar sharply higher.

The key materials sector, which accounts for some 20 percent
of the broader Toronto index, was down 2.8 percent to lead the
market lower. Barrick Gold fell 3.9 percent to C$47.34
and Goldcorp sank 3.6 percent to C$47.97 on weaker gold
prices.

Feb 29, 2012

TSX knocked lower as materials falter on weak gold

TORONTO, Feb 29 (Reuters) – Toronto’s main stock index
turned lower on Wednesday morning as materials issues faltered
on weak gold prices, which skidded after comments by U.S.
Federal Reserve Chairman Ben Bernanke helped to push up the U.S.
dollar.

The key materials sector, which accounts for some 20 percent
of the broader Toronto index, was down 2.4 percent to lead the
market lower. Barrick Gold fell nearly 3 percent to
C$47.79 and Goldcorp sank 3 percent to C$48.10 on weaker
gold prices.

Feb 28, 2012

TSX helped higher by U.S. confidence data

TORONTO, Feb 28 (Reuters) – Canada’s main stock index
climbed on Tuesday as resource issues gained on higher metals
prices and U.S. confidence data helped lift market sentiment.

The index’s heavily weighted materials group led the gains,
climbing 1.4 percent as mining issues benefited from rises in
gold, silver and copper prices.

Feb 27, 2012

Toronto stocks fall as oil prices falter

TORONTO, Feb 27 (Reuters) – Canada’s main stock index
finished lower on Monday as energy issues fell in tandem with
oil prices after G20 officials warned about the risks to global
growth from the rising cost of crude.

Energy issues, which represent some 20 percent of the
Toronto index, dropped 1.2 percent as oil prices pulled back
after a string of higher settlements.
Suncor Energy fell 2.2 percent to C$36.16, while Nexen
sank 2.9 percent to C$20.56.

    • About Jennifer

      "Jennifer Kwan is a Toronto-based reporter on the market news and treasury team, and covers a broad mix of stories related to trading, exchanges and regulation. Previously worked as an editor for the company's online newsroom. Before joining Reuters, she worked at the Canadian Press, as well as the Toronto Star and Yukon News newspapers."
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