Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone
TORONTO — The Toronto stock market was little changed as indications of economic deterioration in Europe and Asia took some of the shine off expectations for another round of stimulus from the U.S. Federal Reserve.
The Canadian dollar was up 0.01 of a cent to 100.88 cents US after minutes from the Fed’s Aug. 1 meeting showed many members felt further support will be needed “fairly soon” unless the economy improves significantly.
Rising jobless insurance claims last week also helped push New York indexes in the red as the Dow Jones industrials declined 43.67 points to 13,129.09. A weak earnings report from tech giant Hewlett-Packard helped push the Nasdaq down 10.99 points to 3,062.68 and the S&P 500 index was off 3.46 points at 1,410.03.
Oil gained 31 cents to US$ 97.57 a barrel.