North American markets split as fiscal cliff looms
Commodities mostly higher
- By: David Friend
- December 17, 2012 December 17, 2012
- 17:15
Commodities mostly higher
Canadian GDP report coming Friday
U.S. benchmarks finish in the red
Advisors urged to employ a multi-asset, multi-strategy approach in 2013
Consumer credit levels increase by $7 billion to $474 billion
Moody’s cites weak economy, commodity prices
Swap arrangements extended for another year
Third quarter growth accelerated in the UK, U.S., Brazil, France and China
Majority fear fallout if U.S. fiscal cliff not resolved
A resolution will likely be reached by mid-year
UBS Securities Canada sets 12-month target of 13,000 for S&P/TSX Composite
New peaks reached in several European countries
Fed starts two-day meeting on interest rates
Positive Chinese data, new investment rules for oilpatch
Default rate expected remain below historical averages
CFA members upbeat about global equity markets
Declines in Ontario and British Columbia
Stronger growth for China and the U.S.
Job creation competes with fiscal cliff worries
Canadian stocks will do better next year, but still trail U.S. equities
Policy rate announcements shift to one hour later
Loss of momentum heading into 2013
ECB intervention has failed to stop economic stagnation in Europe; fiscal cliff could tip U.S. into a recesession
Traders look to U.S. budget talks