June 3, 2008 Daily Market Wrap

This is Jeff Wareham, Scotia McLeod wealth advisor, with your daily market wrap for June 3, 2008

Fears that the global credit crisis may not be over upset North American markets today, as investors reacted to comments by Ben Bernanke, and rumours about a major US brokerage firm.

Toronto's TSX shed 85 points, while the Dow slid 104 points...with losses
accelerating as the rumours hit the street. The NASDAQ finished off 11
points, and the S&P finished off 7 points..oil slipped to 124.21, dollars per barrel, and the Canadian dollar slid below par with the US dollar at 99.14 cents US. Gold closed at $882 per ounce

This is for information purposes only, Best efforts have been made to furnish accurate data...Performance data does not represent future performance. ScotiaMcLeod s a division of Scotia Capital, member CIPF.

For further information on the markets, visit my blog on AM 980's website, at www.beyondfunds.ca, or Tune in Saturday morning at 8:30 AM