Canada's main stock market, the Toronto Stock Exchange (
), opened Monday up 120 points higher than on Friday - when it
gained 60 points - still buoyed by Friday's news reports that
suggested U.S. politicians from all sides would be willing to work
together to resolve that nation's 'fiscal cliff' issue.
The index went to to add another 40 points in gains to the early
120. Half of that 40 points in gains came in the last hour. A thin
trading range for most of the session may reflect the fact that
investors and traders are still wary about getting too far ahead of
themselves amid continuing concerns about the European debt
Bombardier (BBD-B.TO) has been among the most active for most of
the last week and was again today. Last week it was active on
selling pressure that saw it pushed below $3 after poor earnings
and ratings concerns. For the last few days it has been active on
Crude oil futures jumped Monday by nearly 3% amid supply
concerns based on geo political tensions, particularly in the Gaza
strip. Gold futures gained nearly US$20 and settled at their
highest level in a month on a weaker U.S. dollar.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.