In this day and age of volatility, this isn't a huge down." Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier
• TSX -154.68 breaking a 4-session rally, as fears of an international swine flu outbreak rattled commodity prices, dampening hopes for an economic recovery.
• DOW -51.29
• Dollar -.67c to 82.00USD
• Oil -$1.41to $50.14US per barrel partly because of worries the flu outbreak could cut back on air travel, lowering demand.
• Gold -6.20 to $907.40USD per ounce
• Canadian 5 yr bond yields -.01bps to 1.93. Four weeks ago it was 1.90.
http://www.financialpost.com/markets/market_data/money-yields-can_us.html
Financial Post General Motors Corp. will be owned by the U.S. government and shrink drastically under a sweeping and final fix proposed by the automaker that will see it slash its Canadian workforce by more than half and tell hundreds of dealers across the country they’re no longer needed.
Tuesday, April 28, 2009
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