The TSX index opened in positive territory this morning, building on last week’s broad based gains which pushed it to its highest close in over a year and a half. Shares of heavyweight Research in Motion are leading the index higher after being upgraded by an analyst. The energy sector is also strong as crude oil climbs. It should be a fairly quiet week on the data front with Friday’s US retail sales and Canadian employment report being the main points of interest. The TSX is up 17 pts. The Dow is flat.
The Canadian dollar continues to appreciate, rising another 20 bps to US$.9722 this morning. Bonds have stabilized with the 5-year Canada yielding 2.79% and the 10-year 3.49%. Gold is down $13.60 to US$1121.70/oz. Oil is up twenty cents to US$81.70/barrel.
