From: Stockhouse @ the Bell <AtTheBell@members.stockhouse.com>
Date: Fri, Jul 3, 2009 at 4:25 PM
Subject: Stockhouse @ the Bell: Canadian stocks edge higher in quiet trading
|Stockhouse @ the Bell: Canadian stocks edge higher in quiet trading|
Friday, Jul 3, 2009
Dear Stockhouse Member,
Financials and metals helped the TSX finish in positive territory Friday as U.S. stock markets were closed for Independence Day. Here's a quick rundown of the top news on Stockhouse for Friday and a look ahead to Monday's trading.
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Today on Stockhouse
What's in store for the U.S – 1990s Japan or 2002 Argentina? asks John Lee of Mau Capital Management.
Jeff Clark of Growth Stock Wire discusses a new short-term target for stocks.
S&P Depository Receipts (SPY) trading shows return of risk, says Jud Pyle.
For more articles on gold and silver, please visit the Stockhouse gold & silver feature supplement: http://www.stockhousefeatures.com/gold-and-silver/
Top Bullboards post: "There have been several articles about blast furnace restarts in the last few weeks. As I'm sure you're all aware. Perhaps we will start to see a squeeze on coal price on the back of an uplift in demand?![sic] – From blonkers on the Western Canadian Coal Corp. (TSX: T.WTN, Stock Forum) Bullboard.
Top Bullboard: The OPTI Canada (TSX: T.OPC, Stock Forum) Bullboard has been the most read Bullboard over the last seven days, followed closely by the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (TSX: T.HNU, Stock Forum) Bullboard.
Word on Wall Street
"The market is at a crossroads, and the audience is going to be harder to please this time. People want to see legitimate top line growth, or at least guidance to that effect," Alec Young, equity strategist at S&P Equity Research Services told MarketWatch.
Today In The Markets
Toronto stock market closes flat on low trading volume; New York closed
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TORONTO (CP) - The Toronto stock market ended the week flat as investors weighed weak oil prices with good news out of the base metals sector.
The S&P/TSX composite index inched up 37.19 points to 10,283.10 Friday, led by news that mining giant Teck Resources Ltd. (TSX:T.TCK.B) has sold a 17.5 per cent stake in the company to lighten its debt load.
Despite the small gain Friday, the index posted a one per cent loss for the week. The TSX Venture Exchange edged up 0.38 points to 1,092.96.
Trading volume on the Toronto Stock Exchange was light Friday as U.S. markets were closed in observance of the Independence Day holiday.
Equinox Minerals (TSX: T.EQN)
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