Just four months after wallowing at the 12,000 level amid fallout from the global credit crunch, the benchmark index of the TSX closed at a record high above 15,000 Tuesday amid ongoing strength in commodity stocks. The S&P/TSX composite index ended the trading day at 15,047 - up 63 points. The recent run-up in the TSX - 24 per cent since late January - is largely due to the spectacular rise in the most heavily weighted industry group in the index - energy. Since Jan. 21, when the broader index hit its most recent low, the energy group has soared by just over 50 per cent, fuelled by oil prices that marched to record highs. The energy sub-index was 3.1 per cent higher on Tuesday, as crude oil futures kept up that record rise. The July crude contract hit a peak of $129.29 US a barrel, before pulling back to settle at $128.98 US, a gain of $2.26 US from Monday. Rising gold prices also boosted the TSX. The gold sub-index was up 2.7...
The TSX posted another triple-digit loss Wednesday, with investors stepping away from equities as commodity prices slid and U.S. recession fears grew. At the close, the S&P/TSX composite...
Oil prices surged more than $10 US a barrel Friday to new record highs amid bullish forecasts and Middle East tensions. Crude oil futures soared $10.75 US a barrel to settle at $138.54 US on...
The Montreal and Toronto exchanges announced a $1.3-billion merger on Monday that will see the country's two largest exchanges become one. The new organization - to be known as TMX Group - will...
The S&P/TSX composite index plummeted almost 605 points on Monday as it joined a worldwide market sell-off prompted by growing fears of a U.S. recession. The benchmark index finished at...
Shares of Research in Motion jumped in after-hours trading Thursday after the maker of the BlackBerry wireless device reported earnings that topped expectations. - RIM, based in Waterloo,...
Crude oil regained its momentum to carve out a new record, after an early sell-off that began at the end of last week. Analysts say traders saw that weakness as a buying opportunity, rushed in,...
The Toronto stock market staged a dramatic rebound Tuesday as an emergency rate cut from the U.S. Federal Reserve and a smaller cut by the Bank of Canada persuaded investors to wade back into the...
The S&P/TSX composite index plummeted more than 500 points in morning trading Monday as it joined a worldwide market sell-off prompted by growing worries of a U.S. recession. - The benchmark...
Soaring food and energy prices have pushed inflation in the 15 European countries in the euro zone to a new high. The March figure is 3.6 per cent. That's the highest in nearly 16 years and higher...
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