Markets & Finance

Canada Stocks End Mixed


Canadian stocks closed mixed, with commodity-related issues outpacing the overall market. The TSE 300 fell 28.88 points to 7415.50. However, market breadth was 650-567 positive. Stocks struggled all day to overcome recent weakness fueled by profit warnings and economic uncertainty. Friday's U.S. and Canadian jobs data should shed more light on the interest-rate

outlook. Government of Canada bonds weakened as stocks gained some ground. the June Canadian dollar settled higher at 63.66 cents vs. the U.S. dollar. May crude settled $0.93 higher at $27.12. April gold settled $1.60 higher at $258.40.

European markets were trading higher, looking to the U.S. market for direction. In London, the Financial Times-Stock Exchange 100 index closed up 72.60 points, or 1.33%, to 5,535.70. In Germany, the DAX Index was up 56.84 points, or 1.02%, to 5,610.30. In France, the CAC 40 finished higher by 67.82 points, or 1.36%, to 5,071.82.

In Asia, the markets ended mixed. The Nikkei gained 118.31 points, or 0.90%, to 13,242.78. Banks and securities houses were some of the biggest gainers, bolstering the market against losses in technology shares following the Nasdaq's decline Tuesday, and brushing off the government's postponement of its emergency economic package release. In Hong Kong, the Hang Seng ended down 520.51 points, or 4.14%, to 12,063.71.


Steve Ballmer, Power Forward
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