This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with your daily market wrap for July 14, 2008.
North American markets struggled for direction today, trying to digest the long term impact of US Government announcements on mortgage guarantees, and off shore drilling. the Dow finished down 45 points, after starting sharply higher, and then falling dramatically during the day. The NASDAQ lost 26 points, and the S&P finished 11 points lower...The TSX gained 32 points, after posting an early triple digit gain. Oil ended at 145.77 dollars per barrel, and the Canadian dollar approached parity with the greenback, ending at 99.45 cents US. Gold closed at $974.30 per ounce, up over 50 dollars in the last week.
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
Jeff Wareham, CFP, RHU
Monday, July 14, 2008
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