🚀 go-pugleaf

On Sep 29, 10:08 am, abc <a...@123.cl> wrote:
> Markets higher on positive economic data
>
> September 29, 2009
>
> The Toronto Stock Exchange’s benchmark index, the S&P/TSX composite,
> was up 35.69 points, or by 0.31 per cent, to 11,374.41 points in early
> trading.
>
> The Toronto Stock Exchange’s benchmark index, the S&P/TSX composite,
> was up 35.69 points, or by 0.31 per cent, to 11,374.41 points in early
> trading.
> Photograph by: CNS, Canwest News Service
>
> Markets opened higher Tuesday, as data continued to show improving
> economic conditions, in U.S. housing markets and in Canadian consumer
> confidence.
>
> The Toronto Stock Exchange's benchmark index, the S&P/TSX composite,
> was up 35.69 points, or by 0.31 per cent, to 11,374.41 points in early
> trading.
>
> The price of oil fell to $66.37 U.S. a barrel on weak demand, following
> Monday's close of $66.84 U.S. a barrel. Inventory figures from the
> American Petroleum Institute due later Tuesday and from the U.S.
> Department of Energy Wednesday are expected to be weak.
>
> Gold fell to $991.70 U.S. an ounce after its previous close of $994.10
> U.S..
>
> The Canadiandollarwas trading around 91.71 cents U.S., down from
> Monday's close of 91.95 cents U.S..
>
> Canadian consumer confidence jumped to 90.9 in September — the highest
> level since April 2008 — according to the Conference Board ofCanada.
> The figure is up for the seventh-straight month and compares to its
> late-2008 low when the index plunged to just 67.7.
>
> In the U.S., the Dow Jones industrial average was up 19.5 points, or
> 0.21 per cent, to 9,808.86 and the Nasdaq composite index rose 3.37
> points, or 0.16 per cent, to 2,134.24.
>
> The S&P/Case-Shiller composite index of housing prices in 20
> metropolitan areas in the U.S. rose a much higher-than-expected 1.6 per
> cent in July from the previous month. Market consensus was for a more
> modest 0.5 per cent increase after a 1.4 per cent increase in June. The
> 10-city index gained 1.7 per cent in July.
>
> "To the degree that the housing market was the culprit behind the
> entire credit crunch, it is encouraging to see another monthly
> improvement in the headline index. However, the U.S. housing market
> still has a long way to go before fully cleansing itself," said Ian
> Pollick, economics strategist for TD Securities.
>
> Overseas markets were mixed Tuesday. The Office for National Statistics
> reported Tuesday that Britain's economy shrank 0.6 per cent in the
> second quarter of 2009, mainly due to improvements in the construction
> industry. The figure was less than the 0.7-per-cent decline estimated
> in August.
>
> London's FTSE 100 index was up 15.05 points, or 0.29 per cent, to
> 5,150.65 at midday. Frankfurt's DAX was up 25.82 points, or 0.45 per
> cent, to 5,710.49 and the Paris CAC gained 12.94 points, or 0.34 per
> cent, to 3,812.06.
>
> In Asia, official data in Japan released Tuesday showed consumer prices
> fell 2.2 per cent in August compared with the same month a year
> earlier, while core prices were down 2.4 per cent — the steepest
> decline in 38 years. Tokyo's Nikkei stock average closed up 90.68
> points, or 0.91 per cent, to 10,100.2. Hong Kong's Hang Seng index
> closed up 424.76 points, or 2.06 per cent, to 21,013.17.
>
> On Monday, the S&P/TSX rose 126.33 points, or 1.13 per cent, to
> 11,338.72. The Dow ended down 42.25 points, or 0.4 per cent, to
> 9,665.19 and the Nasdaq was at up 39.82 points, or 1.9 per cent, to
> 2,130.74.
If your dollar worries you, you increase the money supply.

Crank up the presses enough, and churn out enough Canadian loonies and
you soon have a weaker, more competitive dollar.

That's the same old school approach. No need to get any fancier than
that.

It has happened because Canada's monetary policies have not kept pace
with the other major world nations, including the USA. Too
conservative. What Canada needs to do is to loosen its money supply
consistent with the other nations, to fall into place among them, not
to stand out like a sore conservative thumb.

Cheers.

Robert Morpheal