Market chaos “beyond volatile” Carl Weinberg, Chief Economist High Frequency Economics
· TSX -37.26pts (Reuters) A see-saw session saw the main index slump to hit a 4-year low and then bounce back in a late-session rebound that could lead to a strong opening on Monday.
· Dow -312.30pts if ever a 300 pt loss was a good thing, it was Friday as emergency trading halts were considered, as in Russia, where authorities closed the stock exchanges until Tuesday
· Dollar -1.08c to $78.56US.
· Oil -$3.69 to $64.15US per barrel. Canada's currency is headed for its worst monthly fall since at least 1950 (FP)
· Gold +15.80 to $729.10US per ounce
Monday, October 27, 2008
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