So far this year, there are no blemishes on Bay Street's record.
The Toronto Stock Exchange on Wednesday achieved its fifth straight day of gains as commodity prices rose and a few prominent companies received analyst recommendations. That makes for a perfect record so far for the three trading days that have occurred in 2010, putting Canada's benchmark index up about 1.6 per cent, year-to-date.
At the close, the S&P/TSX composite index was up 47 points, or 0.4 per cent, to 11,935, with materials and energy leading the way.
On the New York Mercantile Exchange, crude oil was up $1.41 to $83.18 US a barrel, while gold gained $17.80 to $1,136.50 US an ounce.
The Canadian dollar was up 55 basis points to 96.8 cents US late in the afternoon.
Magna International Inc. was upgraded to "outperform" status by Wells Fargo, while Merrill Lynch raised Thomson Reuters Corp.'s stock status to a "buy."
U.S. markets were not as strong as in Canada. The Dow Jones industrial average was up one point to 10,573 at closing time. The Nasdaq composite index was down eight points, or 0.3 per cent, to 2,301.
On Wednesday, payroll company ADP Employer Services said private-sector employment declined by 84,000 in December, slightly worse than the market consensus for a 75,000 loss, though it was the slowest pace of job losses since March 2008.
European and Asian markets were mostly up. That was despite a measure showing U.K. consumer confidence down in December.
TSX maintaining perfect record for 2010
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Published on
January 7, 2010
- Published on February 25, 2010
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Financial Post
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