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Stock impact report

TSX hits fourth record high in a week, U.S. markets fall [Business News Network (BNN) Energy & Resources (Canada)]

Kinross Gold Corporation (KGC) 
Last kinross gold corporation earnings: 2/12 05:00 pm Check Earnings Report
TSX hits fourth record high in a week, U.S. markets fall TORONTO -- Canada's main stock index closed at its fourth record high of the week on Friday to defy decreases in the U.S. over renewed trade concerns. The S&P/TSX composite index gained 41.34 points at 16,899.69, a new record close after hitting an intraday record of 16,947.23 in earlier trading. Wednesday was the only day of the week in which a new high wasn't reached as the TSX rose for a fourth consecutive week Despite setting new records, the market's performance was not as impressive as it might seem given its movements over the last decade, says Philip Petursson, chief investment strategist at Manulife Investment Management. "We're not that far ahead of where we were in 2008, so if you annualize that performance it's less than stellar," he said in an interview. "So while it looks like we should be getting excited about an all-time high, it's taken a long time to actually get there." Petursson said the Toronto stock market Show less Read more
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