It’s
pretty quiet out there this morning as market participants await the Fed’s
policy announcement due today. Expectations for a third round of quantitative
easing are running high. Jobless claims in the US climbed by 15,000 last week,
which was slightly more than forecast. WTI crude oil touched a four month high
this morning as concerns over supply disruptions flare in the wake of violent
anti-US demonstrations over an amateur movie. Shares of Chevron just hit an
all-time high. Apple shares are higher after unveiling its latest iPhone
yesterday, which is expected to become the best selling gadget of all-time. The
TSX is flat. The Dow is up 28 pts.
The
Canadian dollar is up 17 bps to US$1.0257. Bond yields are lower ahead of the
Fed announcement with the 5-year Canada yielding 1.41% and the 10-year 1.87%.
Gold is up $2 to US$1736/oz. Oil is up a buck to US$98.00/barrel.
Have
a great day.
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