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TSX flat as energy strength offsets sluggish US data TORONTO: Canada's main stock index was little changed on Thursday as broad market weakness following sluggish US economic data was offset by a gain in the energy sector after oil prices jumped.Increasing violence in Iraq heightened worries of a broader conflict, but those same concerns helped boost oil prices to a three-month high.US retail sales growth missed expectations in May and first-time applications for unemployment benefits rose last week, data showed."Economic statistics in the United States aren't exactly fantastic. They are mildly disappointing," said Matt Skipp, president of SW8 Asset Management.But an environment of lower interest rates and increasing momentum for the natural resource groups will benefit Canadian equities, he added.The Toronto Stock Exchange's S&P/TSX composite index is up more than 9 percent this year and has outperformed most other major global indexes.The index was down 1.18 points, or 0.01 percent, at 14,890.95. Eight of the 10 main sectors on ...

Wall St falls on retail data; oil lifts energy shares NEW YORK: US stocks fell on Thursday after a round of disappointing economic data on consumers and the labor market, though energy shares were sharply higher as the price of crude oil spiked.Retail sales rose 0.3 percent in May, half the growth rate that had been forecast, while Americans' new claims for unemployment benefits unexpectedly rose last week.While both data points were below expectations, neither was seen as so weak as to derail the thesis ...
US stocks dip on mixed retail sales, Iraq unrest NEW YORK: Wall Street stocks Thursday dropped in early trade on a mixed report on US retail sales and rising sectarian fighting in Iraq.About 30 minutes into trade, the Dow Jones Industrial Average shed 26.14 points (0.16 percent) at 16,817.74.The broad-based S&P 500 lost 3.46 (0.18 percent) at 1,940.43, while the tech-rich Nasdaq Composite Index fell 9.15 (0.21 percent) to 4,322.78.The Commerce Department said May retail and food sales rose by just 0.3 percent, well ...
Stocks off on World Bank call, Brent up on Iraq concern NEW YORK: A gauge of world stock markets retreated from recent highs on Wednesday, pressured by a lower growth forecast from the World Bank and a profit warning from Lufthansa, while Brent crude rose on fears of disrupted supply from Iraq as violence escalates.The euro fell for a fourth straight session against the US dollar as monetary policy between the European Central Bank and the Federal Reserve diverges.The World Bank late on Tuesday cut its ...
TSX slips on global growth concerns TORONTO: Canada's main stock index declined on Wednesday as a sluggish outlook for the global economy spurred declines in the heavyweight energy and financial sectors.The World Bank on Tuesday trimmed its global growth forecast, saying a confluence of events, from the Ukraine crisis to unusually cold weather in the United States, dampened economic expansion in the first half of the year.The Canadian benchmark eased after gaining in the previous eight sessions. It is still up ...
Stocks fall from records, oil up on Iraq NEW YORK: Stocks retreated from recent highs on Wednesday while the euro was pressured by rate differentials and oil prices rose on fears of disrupted supply from Iraq.Stocks on Wall Street opened lower in broad selling. Analysts, however, saw no threat to the recent strong trend."There's a bid underneath this market, and anytime we're lower it isn't long before buyers materialize, which should allow us to keep grinding higher until the next earnings season," said ...
Wall Street dips, but tech helps Nasdaq NEW YORK: U.S. stocks slipped on Wednesday, with the Dow and S&P 500 pulling back from record levels, though strength in a number of large-cap tech names kept the Nasdaq near breakeven territory.Wall Street has advanced but struggled for direction lately, with daily modest moves in either direction. The S&P 500's drop of 0.3 percent so far on Wednesday represented its biggest daily decline since May 20.The stock market's upward trend is still deemed intact, ...


Index Closing Chg%
Arrow DJIA 16,563.30 1.88
Arrow Nasdaq 4,369.77 2.09
Arrow S&P 1,930.67 2.00
Arrow FTSE 6,730.11 0.64
Arrow DAX 9,407.48 1.94
Arrow CAC-40 4,246.14 1.53
Arrow Nikkei 15,620.77 0.16
Arrow H.Seng 24,756.85 0.10
Arrow Sensex 25,894.97 0.74

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
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WeeklyJuly 10, 2014
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