This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with your daily market wrap for August 11, 2008.
North American markets went different directions again today.
Gold hit a new low for the year, as the US dollar continued its recent surge.
Oil followed gold lower, and energy and material stocks continued to hit Toronto...this time, the Dow finished up 46 points. The NASDAQ up 26 points, and the S&P finished up 9 points...The TSX shed 139 points. Oil ended at $114.60 dollars per barrel, and the Canadian dollar slid to 93.61 cents US. Gold closed at $825 per ounce, down 4% today.
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.
Tune in Saturdays at 8:30 AM, for Beyond Funds Market Weekly, for further information on the markets, visit my blog on AM 980's website, or at www.beyondfunds.ca
Monday, August 11, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment