Well, the day began like most 1st days of the month. As I've said before, we Canadians seem to greet each new month with new enthusiasm and optimism. Yup, the day began that way with the TSX touching a new 32 month high of 14,213 before falling off...after which it headed steadily down for the rest of the day.
The day started off with slightly better than expected earnings from BMO. Largest Q1 profit ever! Then came BOC with the interest rate announcement. Ho, Ho, Holding the line at 1%. No surprise there. Old Guys have to wait a while longer. No surprise there.
Other than that, I wasn't glued to the tube all day so I'm not certain what happened. What I'm seeing now at the close of the day is oil jumpin' three bucks to $100. Gold is up $25 to $1,435. Not sure why the TSX is down 13 points but I'll take it. At these levels, any day it goes up or sideways is an okay day in my books.
Hey, the C$ is up to 1.0259 US. Just for fun, take a C$100.00 bill into your bank and ask to buy $100 US. I'm bettin' you need another few cents. Par in the markets isn't par at the retail banking level. Ergo, BMO's record breaking quarter.
Royal and TD results on Thursday. Again, because I wasn't paying attention today, I have no idea why TD shares are off nearly 2%. I'm betting they're back on Friday as I'm betting Thursday's earings reports for both RBC and TD will blow the doors off expectations.
The day started off with slightly better than expected earnings from BMO. Largest Q1 profit ever! Then came BOC with the interest rate announcement. Ho, Ho, Holding the line at 1%. No surprise there. Old Guys have to wait a while longer. No surprise there.
Other than that, I wasn't glued to the tube all day so I'm not certain what happened. What I'm seeing now at the close of the day is oil jumpin' three bucks to $100. Gold is up $25 to $1,435. Not sure why the TSX is down 13 points but I'll take it. At these levels, any day it goes up or sideways is an okay day in my books.
Hey, the C$ is up to 1.0259 US. Just for fun, take a C$100.00 bill into your bank and ask to buy $100 US. I'm bettin' you need another few cents. Par in the markets isn't par at the retail banking level. Ergo, BMO's record breaking quarter.
Royal and TD results on Thursday. Again, because I wasn't paying attention today, I have no idea why TD shares are off nearly 2%. I'm betting they're back on Friday as I'm betting Thursday's earings reports for both RBC and TD will blow the doors off expectations.
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