Monday wrap: Stocks surge as relief greets EU’s $1 trillion commitment to ease debt crunch
Commodity prices rebound
- By: Malcolm Morrison
- May 10, 2010 May 10, 2010
- 15:45
Commodity prices rebound
Eurozone aid package restores confidence
Overall market values down 15% in the second half of 2009
Rebound will be uneven across the country
Members vote to admit Israel, Estonia, Slovenia
Urban starts rise more than 5%
Euphoria greets EU’s $1 trillion commitment to defend euro
European markets soar
Measures designed to preserve financial stability in Europe
Bank of Canada and others re-open temporary U.S. dollar liquidity swap facilities
Stresses in the financial system are similar to those in the fall of 2008
TSX sheds 150 points despite strong employment data
Review of trading activity shows no systems issues during market plunge
New methodology will help with economic projections, Murray says
Jobs growth beats expectations
Record 108,700 jobs added; unemployment rate drops to 8.1%
Nasdaq names stocks with cancelled trades
Loonie continues to lose ground
Market rollercoaster forcing investors be more nimble
Contagion risk could impose common threats on all of them
Substantial gain in permits for multi-family dwellings
ECB leaves European interest rates unchanged
Canadian dollar up 2% against the Euro this week
Higher U.S. dollar punishes commodities
Stronger supply to lead to mild depreciation in home values