• TSX +24.54
• DOW -9.22 .
• Dollar +.42c to 96.90cUS The Canadian dollar shot up against the U.S. dollar for a fourth straight session as positive U.S. economic data, a spike in oil prices and debt-tackling steps by Greece boosted appetite for risk, stemming flows into the safe-haven greenback
• Oil +$1.19 to $80.87US per barrel.
• Gold +$5.90 to $1,103.30 USD per ounce
In contrast to the US who had 140 banks close in 2009, Canada had good news as more bank earnings rolled in. RBC earned a $1.5-billion profit, up 35 per cent from a year before, with provisions for credit losses reduced by 37 per cent, falling to $493 million.
Laurentian Bank of Canada said its profit was up 28 per cent from a year ago to $32 million
Thursday, March 4, 2010
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