Mortgage rates likely to continue to increase - August 13, 2009 10:40

New data Wednesday (August 12) showed that mortgage applications fell last week as mortgage interest rates are currently at the highest level they have been since June. The current national average for a 30-year fixed interest rate mortgage is 5.5 per cent according to Bankrate.com, which compiles rates from a broad range of lenders.

Pound makes break for $1.70 - August 5, 2009 10:51

After pressuring the $1.65 level for weeks, the British Pound has finally managed to push through that level and has quickly made a move toward $1.70. July 30th, one Pound was worth just below $1.64. July 31st, it pushed against $1.65, before making a sharp break above $1.67.

Tech stocks show signs of life - July 22, 2009 9:59

Two technology stalwarts boosted hopes of investors on Tuesday (July 21) with positive earnings reports. Yahoo said it was able to generate an eight per cent profit gain for its second quarter even in the midst of a sluggish ad sales environment. Meanwhile, Apple followed iPhone and laptops to a 15 per cent profit rise.

Euro and pound gaining legs - July 21, 2009 9:51

After taking brief dips against the dollar, the major European currencies have surged again in the last week. The Euro has bounced firmly after dropping to just below $1.40 on July 15th. One Euro is currently (July 20th) worth $1.4207, after trading near $1.425 earlier in Monday trade. The British Pound now fetches $1.6504 after […]

Bank struggles over? - July 17, 2009 14:53

It might be a stretch say that the finance and credit sectors are completely out of the troubled economic woods at this point, but two strong earnings reports Wednesday morning surprised the market. Citigroup and Bank of America both impressed – Citi with the fact that it earned a profit, and BoA because of the […]

Swiss-Bank Gold Vaults “Room Out of Room” - July 17, 2009 9:02

THE PRICE OF GOLD slipped 0.7% early in New York on Thursday, repeating an earlier drop to $935 after gaining $30 an ounce so far this week.

Economic reality check brings oil back near $60 - July 8, 2009 9:14

As economic data continues to validate the notion that the recovery will take time to develop and play out, speculators that had begun to jump back into the oil market are starting to back off. Oil has quickly dropped toward the $60 level after reaching near $75 late in June.

What to do with gold - July 1, 2009 14:23

Just as the stock market has been stuck in the mid-8,000 range over the past few weeks, the gold spot rate has been hanging around the $930 per ounce price point for a while. Despite a couple modest swings, gold has traded in a very narrow range between $920 and $940 since it dropped significantly […]

Retail on the rebound - June 26, 2009 9:51

More and more sectors are lending evidence to support the call by Fed Chief Ben Bernanke and others of an economic recovery for the last half or 2009. On Thursday (June 25), it was the retail sector’s chance to shine. Despite a surprisingly lower jobless claims report, positive earnings reports and optimism from retailers helped […]