Toronto markets rally
TSX composite index adds more than 120 points
- By: Rudy Mezzetta
- July 4, 2006 July 4, 2006
- 16:02
TSX composite index adds more than 120 points
Up 8% since 2004
Pointing to rising interest rates and higher energy prices as causes
U.S. markets closed for July 4th holiday
Light week for data in holiday-shortened week
U.S. markets closed Tuesday
Canadian markets closed Monday
Bank of Canada releases Summer outlook survey
U.S. consumer spending slowed in May as rising gasoline prices left consumers with less to spend on other items, the U.S. Commerce Department reported today.Commerce…
Overseas markets rally on Fed statement
Additional increases may be necessary to tame inflation
U.S. markets have highest one-day gains in three years
Deduction for trade tools, exemption of capital gains for gifts of publicly traded securities among measures to be included
With capital goods prices rising, productivity and profitability set to slow
Research program will be split between electricity and other energy issues
Finance minister says new legislation will be introduced in the fall, following public comments
U.S. GDP growth revised higher for Q1
Increase achieved despite recent worldwide downturn in equity values
New chairman says executive compensation will also remain a Coalition focus
Fed begins two-day meeting
U.S. markets also drop in anticipation of rate hike
But some changes are suggested to improve the way the plan operates
As many as 20% of baby boomers will live in poverty during retirement — twice the number of impoverished seniors today
Managers' concern spreads across entire market, Russell survey finds