Archive for the ‘stock market’ Category
Oil Prices: Where Will They Go In The Second Half Of 2009?
Tuesday, July 14th, 2009
Oil Prices: Where Will They Go In The Second Half Of 2009?
Published on:
Tuesday, July 07, 2009
Written by:Jason Simpkins
Oil prices have rallied since February, and could continue to rise as countries start to emerge from the global recession. However, few if any individuals correctly predicted that the price of oil would fall as dramatically as it has over the past year. Where will oil prices go from here? Jason Simpkins from Money Morning aims to answer this question.
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TSX drops as profit takers move in
Wednesday, March 18th, 2009
At midday, the S&P/TSX composite index was down about 155 points, or 1.8 per cent, to 8,405, on track to see its first daily loss since Monday, March 9.
The heavyweight sectors of energy, materials and financials led the declines, and big-cap representatives from these areas, like Suncor Energy Inc., Barrick Gold Corp. and Royal Bank of Canada, were seeing declines.
Commodity prices were down, and there was some nervousness over what the U.S. Federal Reserve would say Wednesday afternoon, though most weren’t expecting any movement on the key interest rate, which is effectively at zero.
On the New York Mercantile Exchange, crude oil was down $1.56 to $47.60 U.S. a barrel, and gold was off by $31.80 to $885 U.S. an ounce.
The Canadian dollar was down 19 basis points to 78.62 cents U.S..
In the U.S., the Dow Jones industrial average was down about 65 points, or 0.9 per cent, to 7,330. The Nasdaq composite index was just a little better than flat at around 1,465.
European markets were mostly down, including the United Kingdom’s FTSE index, which lost 1.74 per cent. Figures released there Wednesday showed unemployment had risen by 138,400 people last month.
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Tags: Royal Bank of Canada
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