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Toronto stocks end lower, U.S. markets swing to losses in late day trading
– canadianbusiness.com
TORONTO _ Canada’s main stock index closed lower Tuesday while U.S. markets continued a streak of volatility with a late-day plunge that left all main indexes in the red.
The S&P/TSX composite index closed down 82.38 points to 15,216.18, led by declines in key financial and materials sectors.
In New York, the Dow Jones industrial average closed down 344.89 points to 23,857.71. The S&P 500 index was down 45.93 points to 2,612.62 and the Nasdaq composite index was down 211.73 points to 7,008.81.
The Canadian dollar closed at 77.71 cents US, up 0.11 of a US cent.
The May crude contract closed down 30 cents to US$65.25 per barrel and the May natural gas contract ended up six cents to US$2.71 per mmBTU.
The April gold contract closed down US$13.00 to US$1,342.00 an ounce and the May copper contract was up three cents to US$3.00 a pound.
The post Toronto stocks end lower, U.S. markets swing to losses in late day trading appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index closed down 82.38 points to 15,216.18, led by declines in key financial and materials sectors.
In New York, the Dow Jones industrial average closed down 344.89 points to 23,857.71. The S&P 500 index was down 45.93 points to 2,612.62 and the Nasdaq composite index was down 211.73 points to 7,008.81.
The Canadian dollar closed at 77.71 cents US, up 0.11 of a US cent.
The May crude contract closed down 30 cents to US$65.25 per barrel and the May natural gas contract ended up six cents to US$2.71 per mmBTU.
The April gold contract closed down US$13.00 to US$1,342.00 an ounce and the May copper contract was up three cents to US$3.00 a pound.
The post Toronto stocks end lower, U.S. markets swing to losses in late day trading appeared first on Canadian Business – Your Source For Business News.
Kathleen Wynne’s re-election bid is off to a bad start
– macleans.ca
As a rule, voters love to be bribed with their own money. However, I am cautiously pessimistic that this maxim is not going to work for the Ontario Liberals.
The election is only three months away and Premier Kathleen Wynne—deeply unpopular and behind in the polls—is handing out multi-billion dollar spending promises like a charity Santa gleefully tossing free toys to kids on Christmas Eve.
A $2.1 billion investment over four years in mental health. Free prescription drugs for seniors over the age of 65—nevermind that seniors are now the wealthiest demographic in the country, and this proposal would replace the means-tested Ontario Drug Benefit program. A $2.2 billion program to expand free childcare for kids older than 2-and-half until they reach Junior Kindergarten.
Oh, and there’s more to come.
The budget has yet to drop, but the Liberals’ pre-election throne speech included promises to reduce hospital wait times, boost dental coverage, to expand access to home care, increase post-secondary grants…
The election is only three months away and Premier Kathleen Wynne—deeply unpopular and behind in the polls—is handing out multi-billion dollar spending promises like a charity Santa gleefully tossing free toys to kids on Christmas Eve.
A $2.1 billion investment over four years in mental health. Free prescription drugs for seniors over the age of 65—nevermind that seniors are now the wealthiest demographic in the country, and this proposal would replace the means-tested Ontario Drug Benefit program. A $2.2 billion program to expand free childcare for kids older than 2-and-half until they reach Junior Kindergarten.
Oh, and there’s more to come.
The budget has yet to drop, but the Liberals’ pre-election throne speech included promises to reduce hospital wait times, boost dental coverage, to expand access to home care, increase post-secondary grants…
Europe Targets U.S. Asset Managers
– online.wsj.com
Vestager turns her antitrust cops on stock ownership.
