Friday close: Markets rally strongly on U.S. rescue efforts
TSX jumps 7%
- By: Megan Harman
- September 19, 2008 September 19, 2008
- 16:15
TSX jumps 7%
Candidate profile: Tim Robson
U.S. Treasury to shore up money market funds
Candidate profile: Brent Fullard
Dow soars 400 points as central banks boost liquidity
Wholesale sales up 2.3% in July
BIS report examines how the excessive easing of lending standards touched off the credit crisis
Asian markets pare losses; European bourses trading higher
AIG bailout fails to stem selloff on Wall Street
Downward pressure on asset prices continues despite AIG takeover
Oil prices revive ahead of inventory report
Financials, metals drag TSX lower
Moderation in inflation leaves room for Fed to cut interest rates
Fourth straight monthly increase
Fed rate decision on deck
Toronto stocks drop more than 500 points
Failure of Lehman is likely to put additional downward pressure on asset prices, putting other major financial institutions at risk
Saskatoon, Regina top growth rankings among Canadian cities
Oil prices slide
Sceptre third-quarter earnings on deck
Weaker U.S. consumption will compress world trade
U.S. markets finish flat
Wholesale inflation rate drops