CANADA STOCKS-TSX firms as banks offset dip in resources; eyes on Fed
A Kenyan woman is helped to safety after the masked gunmen stormed the upscale mall and sprayed gunfire on shoppers and staff. Crowds gather outside the upscale shopping mall. The interior ministry urges Kenyans to keep off the roads near the mall so police can ensure everyone inside has been evacuated to safety. A policeman carries a baby to safety. Authorities said multiple shooters were at the scene. Bodies lie outside the shopping mall. A security officer helps a wounded woman outside. Elaine Dang of San Diego is helped to safety after the attack. The military asked local media not to televise anything live because the gunmen are watching the screens in the mall. Paramedics treat an injured man outside the mall. Medical personnel carry a body away.
But German business morale improved slightly to its highest level in 17 months in September, suggesting Europe’s largest economy is making a firm recovery. “We’re still in the sideways mode,” said Sid Mokhtari, market technician and director, institutional equity research, at CIBC World Markets. “There’s no directional thesis to the market.” The Canadian market is still gauging the consequences of the Fed’s decision to keep its bond-buying program intact, he added. “The Fed has said it’s going to be data dependent, and this market is now responding to that side of the equation.” Mokhtari said he expects the benchmark Canadian index to make some gains from current levels and to end the year at about 13,400. The Toronto Stock Exchange’s S&P/TSX composite index was up 4.97 points, or 0.04 percent, at 12,816.15. Six of the 10 main sectors on the index were higher. Financials, the index’s most heavily weighted sector, rose 0.2 percent. In the group, Toronto-Dominion Bank gained 0.6 percent to C$91.90, and Royal Bank of Canada added 0.4 percent to C$66.53. The two stocks had the biggest positive influence on the index. Telus Corp was up 1 percent, at C$35.78. The materials sector, which includes mining stocks, slipped 0.6 percent.
CANADA STOCKS-Banks, industrials boost TSX as focus stays on Fed
Federal Reserve policy. With focus firmly on conjecture about what the Fed may have in mind for its stimulus program, the market combed economic data for hints on the U.S. central bank’s next move. Among the data, a private sector report said U.S. consumer confidence slipped in September as consumers’ outlook on the future darkened a little, while U.S. home prices slowed their rate of gains in July. But German business morale improved slightly to its highest level in 17 months in September, suggesting Europe’s largest economy is staging a firm recovery. The financial sector had the biggest positive influence on the index. The group is up 11 percent this year, compared with the benchmark index’s 3 percent gain. “Banks are leading the charge,” said Allan Small, senior investment advisor at Dundee Wealth, adding the banking sector is “a very good growth and income play”. “A lot of people are flocking to it,” he added. “If the banks continue to do what they are doing, they make up enough of our market to power the TSX.” The Toronto Stock Exchange’s S&P/TSX composite index closed up 37.71 points, or 0.29 percent, at 12,848.89. Nine of the 10 main sectors on the index were higher. Financials, the index’s most heavily weighted sector, rose 0.4 percent.
More Team Canada leaks: recoil in horror at the black third jersey (Photo)
It’s way more fun. It wasn’t perfect, of course, but it didn’t make me want to vomit in terror. The black third jersey, however, absolutely does. Via Reddit Hockey , this is the worst thing I’ve seen this week, and I watched the Dexter finale: View gallery . What. The Hell. Is that. According to the Redditor that uploaded the photo , these three jerseys just came into his store, so it seems safe to assume — just as it seemed safe when we saw a dour Jonathan Toews wearing the one on the left — that these are the official duds Canada will be sporting. And thus, I am filled with a great shame for our home and native land. The red one is still the best, and I think even those that hated it from the outset can agree that it looks better when juxtaposed with that monstrosity on the other side of the white one. Holy Lord.