Canadian markets rocketed on U.S. jobs data

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Source: Marketwatch

Canadian markets rocketed on Friday on better-than-expected U.S. employment. The S&P/TSX composite index jumped 1.44 per cent, to 11,672, at the same time, metals and mining stocks rose by 2.2 per cent, and IT equities added 1.7 per cent. The biggest gainers on Friday were commodity companies. Ivanhoe Mines Ltd shares soared 6.97 per cent and Inmet Mining Corp added 4.46 per cent. The loonie traded higher, with one greenback buying $0.9991, from yesterday's $1.0072.

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Fri, 03 Aug 2012 22:08:00 GMT

Spain more likely to ask for full EU bailout

During today's press conference, Spanish Prime Minister Mariano Rajoy announced that the possibility of asking a full-scaled bailout from the European Union is growing. He also added that the conditions and form of the bailout should be considered ahead of other issues.  The announcement was made a day after the ECB claimed its readiness to resume bond-buying program.  

Tue, 07 Aug 2012 16:10:10 GMT

U.S. stocks jumped on data

U.S. stocks advanced on Friday after four day of losses as the optimism on the Eurozone's debt crisis resolution grew and U.S. non-manufacturing activity jumped in July. The Dow Jones Index soared 1.7 per cent, to 13,098.29; the S&P 500 Index added 1.8 per cent, to 1,389.84, and the Nasdaq Composite jumped 1.9 per cent, to 2,965.29.

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