Thursday wrap: Stock selloff marks start of fourth quarter
Weak economic data sends markets tumbling
- By: Megan Harman
- October 1, 2009 October 1, 2009
- 15:45
Weak economic data sends markets tumbling
Capital markets transaction volumes will remain the same or shrink over the next 12 months
Global monetary policy cycle is turning
Global recovery under way, but likely to be slow
Signs of a bottoming in home prices
Oil prices soar overnight
Jobs reports drags U.S. markets lower
Declines in mining, utilities and retail trade
U.S. continues to shed private sector jobs in September
Canadian GDP flat in July
Drop in consumer confidence weighs on U.S. markets
Tax system has become unwieldy and complex
French bank plans share sale to repay government debt
Consumer and business spending will need to drive economic growth
M&A activity boosts U.S. markets
Ottawa has has provided $131 billion to improve access to financing for households and businesses
Largest declines in Ontario, Quebec and Alberta
Harper to deliver economic update
GDP report coming Wednesday
Public company acquisitions with 25% or more dilution of issued and outstanding securities will require security holder approval
TSX down 2% on the week
Oil, gold prices decline
Look for asset classes that can benefit from continued strong growth in Asia
U.S. markets drop on housing data