Thursday wrap: Resources fuel TSX rally
Loonie gains nearly half a cent
- By: Megan Harman
- June 11, 2009 June 11, 2009
- 15:45
Loonie gains nearly half a cent
Resolution of global imbalances remains an important risk to the outlook for growth and inflation
Initiatives set to roll out over the next two years
Fiscal update on deck
Introduction of MiFID has significantly changed the secondary markets landscape across Europe
Rising oil prices continue to drive Canadian exchange, while leading to losses in the U.S.
Canada posts small trade deficit in April
Nasdaq gets boost from Texas Instruments
The global banking business saw an unprecedented contraction in its international balance sheets in the fourth quarter of 2008, and a continued decline in derivatives…
Program will support much-needed trade finance in developing countries
Rising commodity markets suggests Canadians will continue to collect larger paycheques after recession ends
Air Canada reaches tentative deals on pension funding
The Nasdaq OMX Group, Inc. is teaming up with research firm, Morningstar, Inc., to provide basic research reports on all of the exchange’s listed companies,…
Starts rise in both singles and multiples segments
European markets drop
The program allows eligible homeowners to defer their 2009 and 2010 property taxes
But another round of negative growth rates are still expected before things truly begin to turn around
Trade data coming Wednesday
But Canadian dollar drops sharply as a result of higher unemployment figures
But slower pace of employment declines suggests a step in the right direction, economists say
Unemployment rates rise to 8.4% in Canada, 9.2% in the U.S. in May
All indicators therefore point to diminished demand for credit — a trend that will continue through the rest of 2009
U.S. markets also registered gains on Thursday after news that jobless claims fell last week