The Globe and Mail - Market Blog

Credit crisis hangs over markets

dberman — Thu, 21 Aug 2008 19:00 EDT

Here's Allan Robinson's At The Bell which you'll find in Friday's newspaper:Investors looking for the all-clear signal are keeping an eye on the U.S. credit crisis and unfortunately things are not getting better at all.“A lot of mortgage rates are higher now than they were at the start of the mortgage - Follow link to read full post

The close: Oil gusher!

dberman — Thu, 21 Aug 2008 16:32 EDT

Crude oil and gold showed doubters on Thursday that they still have the power to jump, and investors reacted by bidding up energy producers and gold miners in a commodity-fuelled rally that sent Canada's benchmark index surging higher. The S[amp]amp;P/TSX composite index closed at 13,539.22, up 189 - Follow link to read full post

Can coal reignite?

dberman — Thu, 21 Aug 2008 15:20 EDT

Some coal stocks may be up by triple digits over the past year, thanks to surging demand, but they are beginning to look like dying embers after investors decided to dump a large swath of commodities this summer. Even after a recent bounce, the S[amp]amp;P 500 coal and consumable fuel subindustry index - Follow link to read full post

Cable guy feels the love

dberman — Thu, 21 Aug 2008 14:17 EDT

Canadian cable company stocks suffered setbacks during the recent wireless auction, which fed concerns that new competition would erode their profits. Rogers Communications Inc., in particular, has seen its shares wilt 24 per cent from their high point last year. But according to Vince Valentini, an - Follow link to read full post

At noon: Oil, the comeback kid

dberman — Thu, 21 Aug 2008 12:20 EDT

The biggest jump in the price of crude in more than two months helped drive the Canadian benchmark index up more than 200 points on Thursday at midday, as investors renewed their interest in commodity producers. The S[amp]amp;P/TSX composite index shot up 211 points, or 1.6 per cent, to 13,561. Energy - Follow link to read full post

The birth of cool?

dberman — Thu, 21 Aug 2008 11:10 EDT

With Jerry Seinfeld on board to rescue Microsoft Corp.'s image in a series of advertisements beginning this September, the lumbering software giant is bound to score a few smirks. But will it succeed in reversing the image in those Apple Inc. ads and make Microsoft cool? Henry Blodget, writing on the - Follow link to read full post

At the open: Crude awakenings

dberman — Thu, 21 Aug 2008 09:57 EDT

A sharp rise in the price of crude oil had predictable results for Canada's benchmark index on Thursday as investors welcomed an excuse to buy up names in the oil patch that had been neglected over the past month. The S[amp]amp;P/TSX composite index rose 53 points, to 13,403. Gold producers were big - Follow link to read full post

Premarket: Oil, writedowns strike again

dberman — Thu, 21 Aug 2008 08:42 EDT

It seems like old times: A jump in the price of crude oil and fretting over more writedowns by financial firms sent most of the world's major stock market indexes down on Thursday. In Europe, the U.K.'s FTSE 100 fell nearly 0.1 per cent and Germany's DAX index fell 0.9 per cent in afternoon trading - Follow link to read full post

CPI to shed light on rate cuts

dberman — Wed, 20 Aug 2008 19:11 EDT

Here's Allan Robinson's At The Bell which you'll find in Thursday's newspaper:The rise in consumer prices in Canada has been tame by comparison with many other countries around the world, but the inflation rate including the most volatile items remains above the comfort zone.MACROBUTTON ViewFootnotes - Follow link to read full post

The close: If Warren Buffett is looking...

dberman — Wed, 20 Aug 2008 16:27 EDT

Surging energy stocks helped lift North American stock market indexes – a remarkable event given that the price of oil barely budged from its opening level in New York. Could it be that the recent visit by Bill Gates and Warren Buffett to Canada's oil sands has got investors thinking that there - Follow link to read full post