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TSX faces tough results season; global slowdown bites
Jul 22nd, 2012
TORONTO (Reuters) - Canada's stock market has lagged Wall Street most of the year, and investors can expect more of the same as the country's biggest companies start reporting second-quarter financial results next week. The earnings season is sure to highlight the scenario that has held Canadian stocks down for months. A limp economic outlook is pulling down commodity prices and cutting into profits at the energy and mining companies that dominate the country's equity markets. ... (Source: Reuters) -
ATHENS, Greece (AP) - Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said. (Source: Associated Press)... [Full Article]
By Todd Cunningham LOS ANGELES (TheWrap.com) - "The Great Gatsby" is heating up in tracking, social media and advance ticket sales, but it still doesn't look like it will melt down "Iron Man 3" at the box office this weekend. Leonardo DiCaprio stars in one of the summer's most unusual and intriguing offerings, Baz Luhr... [Full Article]
By Ryan Vlastelica NEW YORK (Reuters) - Stocks open little changed on Friday but remained on track for a third straight week of gains, while a pair of strong corporate earnings helped the Nasdaq register a small advance. Equities have rallied this week, with the S&P 500 recently undergoing a five-day streak of record closing highs. Investors ex... [Full Article]
By Herbert Lash NEW YORK (Reuters) - The dollar soared on Friday against a basket of currencies, reaching a nearly three-year peak, and global equity indexes gained as speculation mounted over whether the Federal Reserve would soon begin to rein in its asset-buying program. Wall Street advanced, with the benchmark S&P 500 rebounding from its wo... [Full Article]
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