· TSX fell further -113.93(Reuters) - Weak resource issues sent the TSX's main index
tumbling for the 5th day in a row as commodity prices spent much of the day in negative
territory
· Dow +57.81. stocks got a boost from stronger than expected retail sales, as well as the bid
for Anheuser-Busch, which would create the world's largest brewer.
· Dollar +.23c to $98.04
· Oil +.36 to $136.74US per barrel
· Gold - $10.50US to $869.20US
Bond Rates: http://www.bankofcanada.ca/en/rates/bonds.html
Mortgage rates rising after central bank move
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June 13, 2008 Record staff and news servicesBank of Montreal is hiking its residential mortgage rates by up to 85 basis points, joining Royal Bank, TD Canada Trust and CIBC in increasing the cost of borrowing to buy a home. The increases follow the Bank of Canada's decision to leave its benchmark overnight rate unchanged at three per cent. CIBC kicked off the current round of mortgage-rate adjustments on Wednesday. TD Bank raised its rates by as much as 85 basis points and Royal Bank said yesterday it will boost its rates by up to half a point.
Friday, June 13, 2008
Financial Update
· TSX fell again -19.68 (Reuters) - The TSX main index closed lower for the 4th day in a
row, as support from agriculture and other resource companies was offset by worries over
inflation and growing talk of rising interest rates in Canada, the U.S. and Europe
· Dow also down -205.99.
· Dollar +.23c to $98.04
· Oil jumped+5.07 to $136.38US per barrel
· Gold recovered $11.80US to $879.70US
Bond Rates: http://www.bankofcanada.ca/en/rates/bonds.html <http://www.bankofcanada.ca/en/rates/bonds.html>
April new-housing prices rise at slowest pace in more than two and a half years
Wed Jun 11, 10:02 AM The Canadian Press
OTTAWA - New housing prices increased at their slowest pace in more than two and a half years in April, despite strong markets in Nova Scotia, Saskatchewan and Newfoundland and Labrador.
Statistics Canada reports that nationally, contractors' selling prices rose 5.2 per cent between April 2007 and April 2008, after a year-over-year increase of 6.1 per cent in March.
It was the third straight month in which the increase has decelerated, and the slowest rate of growth since September 2005. Prices were unchanged between March and April.
Regionally, prices rose at the fastest pace in Saskatoon for the 12th straight month with a year-over-year price increase of 43.7 per cent.
A strengthening economy, coupled with increased material and labour costs, has contributed to record increases in Newfoundland and Labrador, where prices were up 16.3 per cent over April 2007.
row, as support from agriculture and other resource companies was offset by worries over
inflation and growing talk of rising interest rates in Canada, the U.S. and Europe
· Dow also down -205.99.
· Dollar +.23c to $98.04
· Oil jumped+5.07 to $136.38US per barrel
· Gold recovered $11.80US to $879.70US
Bond Rates: http://www.bankofcanada.ca/en/rates/bonds.html <http://www.bankofcanada.ca/en/rates/bonds.html>
April new-housing prices rise at slowest pace in more than two and a half years
Wed Jun 11, 10:02 AM The Canadian Press
OTTAWA - New housing prices increased at their slowest pace in more than two and a half years in April, despite strong markets in Nova Scotia, Saskatchewan and Newfoundland and Labrador.
Statistics Canada reports that nationally, contractors' selling prices rose 5.2 per cent between April 2007 and April 2008, after a year-over-year increase of 6.1 per cent in March.
It was the third straight month in which the increase has decelerated, and the slowest rate of growth since September 2005. Prices were unchanged between March and April.
Regionally, prices rose at the fastest pace in Saskatoon for the 12th straight month with a year-over-year price increase of 43.7 per cent.
A strengthening economy, coupled with increased material and labour costs, has contributed to record increases in Newfoundland and Labrador, where prices were up 16.3 per cent over April 2007.
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