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Oil falls below $90 US a barrel, gold down $17 an ounce
Energy and mining stocks are taking a hit in mid-morning trading Wednesday on the Toronto Stock Exchange, with oil prices dropping below the $90 US a barrel level and gold down about $17 an ounce. As...
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Toronto stocks down following news U.S. economy shrank in Q4
Toronto’s lead equity index is down slightly in early afternoon trading Wednesday, following news that the U.S. economy unexpectedly shrank in the final quarter of 2012 by 0.1 per cent, well below...
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Stock markets rebound on heels of Monday’s big drop
Major stock marked indexes posted triple digit gains Tuesday, after suffering their worst drubbing in months the previous session. By the close, Toronto’s benchmark S&P/TSX Composite Index was up...
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Cost of shipping oil from Saint John to India: about 4 bucks
Patricia Mohr, Scotiabank’s respected commodity guru, issued a timely report Tuesday commenting on the potential economic benefits of TransCanada’s proposed $12 billion Energy East Pipeline project,...
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Stock markets take a beating over threat of military action in Syria
Stock markets plunged across the board Tuesday as the threat of U.S. military intervention in Syria drew closer, and evidence mounted that the recent correction in U.S. equities is not over. In New...
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Crumbling gold prices trigger 124-point drop on TSX
Just when gold bugs thought it was safe to get back into the water, bullion prices are getting crushed once again. Gold futures for December delivery dropped 2.4 per cent Thursday to close just above...
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Oilsands are cost-competitive with U.S. crude sources: Scotia report
Improved technology has made both the oilsands and conventional sources of crude from Western Canada cost-competitive with fast-growing U.S. sources of oil, including North Dakota’s high-profile Bakken...
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Toronto index hovers near record 2008 closing high of 15,073
With about 80 minutes to go in Monday’s trading session, Toronto’s benchmark equity index is up nearly 68 points to 15,069.47, leaving it within four points of its record closing high of 15,073, set in...
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Toronto index up slightly despite drop in energy shares
Energy shares were weaker Tuesday as oil prices dropped after the Paris-based International Energy Agency (IEA) reduced its forecast for global oil demand this year, and the U.S. Energy Information...
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TSX down 131 points as resource stocks clobbered again
Toronto’s benchmark equity index is deep in the red Monday afternoon, with energy, gold and base metals stocks leading to the downside, apparently on fears that China’s commodity-hungry economy is...
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Energy stocks slammed again as oil price slides; TSX, Dow post modest losses
Energy and gold stocks took a beating Tuesday as oil prices fell more than $3 US a barrel and bullion slid nearly $9 an ounce. Crude oil futures closed at $91.16 US a barrel on the New York Mercantile...
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Stocks hammered again as ‘capitulation’ day nears; TSX sheds 155 points
This is getting repetitive. Stock markets continued their recent pullback on Wednesday, with all the major indexes closing deep in negative territory. Since selling generally begets more selling,...
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Bargain hunters on the prowl: market indexes post triple-digit gains Friday
Stock markets are up across the board in morning trading Friday, fueling hopes that the correction is behind us. Bargain hunters have been snapping up beaten down cyclical stocks in the belief that...
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One-third of U.S. shale oil output is uneconomic below $80 US: Bloomberg report
One-third of all U.S. shale oil production would be uneconomic if prices sink below the $80 US level, according to analysts at a Wall Street investment bank. That’s what Bloomberg is reporting, citing...
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U.S. stocks hit record highs on Japan stimulus; TSX jumps despite commodity...
The S&P 500 Index and the Dow Jones Industrial Average surged past previous record highs on Friday, after the Bank of Japan surprised investors by boosting stimulus measures. At about 2:10 p.m....
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Oil closes below $78 US but analysts see limited downside left
Oil prices slipped again Thursday, with the near-month futures contract for West Texas Intermediate crude dropping 77 cents US a barrel to close at $77.91 in New York. The decline followed a report...
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Oil, gold prices down Monday as U.S. indexes post new record highs
Commodities prices are in the red at mid-day Monday, while the major U.S. equity indexes are advancing again following last week’s record highs. At about 1:00 pm ET, the near-month futures contract for...
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Oil stocks hit again despite uptick in crude prices; TSX sheds 184 points
Oil prices are ticking higher Monday, but once again, investors in battered energy stocks are seeing nothing but red ink. As of about 2:29 p.m. ET, the near-month futures contract for West Texas...
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TSX plunges 460 points as oil prices sink again
Toronto’s lead equity index is under the gun Monday as oil prices continue to to drop. At about 1:50 pm EST, the S&P/TSX Composite Index has shed about 460 points to 14,014, led by yet another...
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Oil prices below $58 US, stock markets sink again Friday; TSX down nearly 180...
Ouch. For investors, the pain continues. Oil prices continue to crumble Friday, with the near-month futures contract for West Texas Intermediate crude down more than $2 US a barrel. It’s currently at...
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