Regina Homes & Condos For Sale|Regina Real Estate 

RSS

Stock market to set for a higher open.

The Toronto stock market was set for a higher open Monday as oil prices rose and traders awaited the latest reading on the health of the American manufacturing sector.

 

The Canadian dollar was ahead 0.19 of a cent to 78.86 cents US. China manufacturing data down, hurts Asian markets

 

Investors looked to the mid-morning release of the Institute for Supply Management's manufacturing index for January for reassurance about the U.S., which is now viewed as the major prop for the global economy. Growth in China has stalled and the European Central Bank is just now embarking on a program of quantitative easing aimed at stabilizing the economy and boosting inflation.


Canadian jobs data also comes out Friday and economists expect Statistics Canada to report that the economy cranked out 5,000 jobs in January.

Meanwhile, oil prices advanced with the March crude contract in New York up 46 cents to US$48.70 a barrel. Prices had jumped almost $4 on Friday amid news of a big drop in U.S. rig counts as producers respond to oversupply.

 

Comments:

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Your email will not be published
Your Email: *
Comment: *
Please type the text as it appears above:
Aaron Habicht
Cell:1-306-536-2454
Sutton Group - Results Realty
3904 B Gordon Road
Regina, SK
S4S 6Y3 CA
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.