Friday wrap: TSX closes negative despite strong jobs data
U.S. markets finish with modest gains
- By: Malcolm Morrison
- December 4, 2009 December 4, 2009
- 16:56
U.S. markets finish with modest gains
Employment reports in Canada, U.S. beat expectations
Economy gains 79,000 jobs
Investors nervous ahead of Friday’s U.S. non-farm jobless report
Credit measures to be scaled back in 2010
Recognition of clients and employees a priority despite challenging business conditions
Seven in 10 retirees are “just barely” covering their expenses
U.S. futures also point to higher open on news that Bank of America Corp. will repay loans
U.S. weak on jobs, retail data
Major spending cuts required unless expenditures are reduced and revenues increased
Emerging markets to account for lion’s share of global economy in 20 years
Business owners in the finance sector most optimistic, CFIB report shows
Government has committed to 97% of this year’s stimulus spending
U.S. loses 169,000 private sector jobs
Stocks advance as Dubai fears ease, economic data raises hopes for rebound
Province does not expect balanced budget until at least 2014
Corporate earnings growth to drive equity gains in 2010
Ten of Canada’s top 25 urban areas are showing negative growth
Global executives predicting well-priced deals, less competition
Commodity prices rise
Most Canadians expect economy to improve in 2010
TSX finishes down 17 points after report of positive GDP growth in Q3
Many second-tier oil sands companies likely to be targeted
Activity in financial services sector already starting to rebound: MacDonald
Despite hefty improvements, deal activity remains well below pre-recession levels