This is Jeff Wareham, with This Week in Business. It was an up and down week for global markets, with investors obviously struggling to decide whether the bull market run will continue, or if it is time for a correction. Toronto’s TSX finished the week at 13289, down for the week, while the Dow in New York finished the week at 11871. The Nasdaq was down for the week, finishing at 2689. Oil finished a rough week at 89.14 per barrel, but the Canadian dollar held it’s own versus the US greenback, off slightly on a weekly basis, but still above par at 100.6 cents US. Gold got hammered, finishing the week at 1342 per ounce.
It was an interesting week for technology investors, with numerous changes, planned and unplanned, at the helm of major technology companies. Energy and mining stocks were hit by falling commodity prices. Canadian banks held their own in the face of changes to lending regulations. Global investors watched with interest the meeting between Presidents Obama and Hu Jintao of China. Tune in to Beyond Funds market weekly Saturday at 12:30, visit www.am980.ca for up to date business news, or follow @beyondfunds on twitter for further market information.
Tune in this week, as | discuss investing like a pension or a hedge fund.
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