All entries by this author

Financials Lead Bay Street Stocks - Canadian Commentary

Nov 29th, 2008 | By MichaelFox | Category: Forex News

(RTTNews) - Financial stocks led Toronto’s main index higher on Friday afternoon as the market heads towards a sixth straight positive finish. The S&P/TSX Composite Index added 131.66 or 1.5% to 8,885.43.
The Financial Index soared 4.9% in afternoon trading. Canadian Imperial Bank (CM.TO) surged 6.7% to lead the big six banks higher. The Bank [...]



10 Bargain Stocks for Black Friday

Nov 29th, 2008 | By MichaelFox | Category: Forex Analysis

Investors, open your wallets! Whether you’re looking to fill your trunk with electronics, or your portfolio with stocks, there are plenty of bargains to be had on Black Friday.
You needn’t look far to find stocks trading at significant discounts to their 52-week highs. With a volatile stock market and a troubled economy, many companies’ shares [...]



FOREX-Dollar rises vs euro, supported by risk aversion

Nov 29th, 2008 | By MichaelFox | Category: Forex News

NEW YORK, Nov 28 (Reuters) - The dollar rose against the euro on thin trade on Friday, as weak equities markets and fears of a deepening global recession led investors to seek the U.S. currency as a haven.
Worries about consumer spending helped weigh on U.S. and European shares, while the low-yielding yen gained ground.
Extreme [...]



SNAPSHOT - Financial Crisis

Nov 21st, 2008 | By MichaelFox | Category: Forex News

- Timothy Geithner, president of New York Federal Reserve
Bank, expected to be nominated U.S. Treasury secretary
- Citigroup shares skid for second day, speculation that
bank might sell major businesses
- Data shows Euro zone demand has plunged
- Bank of Japan leaves benchmark interest rate at 0.3 pct
- U.S. Federal Reserve expected to cut rates to 0.5 percent
next [...]