TSX to open higher amid rising commodities
U.S. markets closed for Thanksgiving holiday
- By: Malcolm Morrison
- November 24, 2011 November 24, 2011
- 08:35
U.S. markets closed for Thanksgiving holiday
TSX, U.S. markets deep in the red
Bank of Canada will keep interest rates low
A slowing Chinese economy could affect commodity prices, which would affect Canadian companies directly
Commodities sell off amid raft of grim economic news
While Europe remains the biggest risk factor, the current gridlock in Washington also has the potential to derail the U.S. economy all on its own
US$1.2 trillion of debt could be pulled from the global economy next year, estimates BCA Research
Wall Street down
Whether it’s sluggish growth or a mild recession, investors face an environment of very low yields and slow corporate profit growth
Nine of 11 sub-sectors advance
No deal on U.S. deficit reduction
U.S., Europe debt woes rattle investors
Commodities weaken; uncertainty boosts the greenback
The most likely scenario is that Europe “will continue to muddle along in a constant state of financial crisis”
Increases in corporate tax revenue offset by declines in personal income taxes, royalties and investment revenue
Despite the weak earnings, financial flexibility remains strong, Moody’s says
European markets slide
U.S. will be operating on a short week because of the U.S. Thanksgiving holiday
Volume slips
Pressure on European rates ease
Increased access to the lucrative Gulf market will help buoy West Texas Intermediate prices
Corporate earnings have surprised on the upside, yet more than half of companies have failed to beat expectations