The losses were drawn down most heavily by the energy, metals & mining and info tech sectors.
Financials were down 0.30%, lead by TD and RY.
| Symbol | Price | Change | % Change | |
|---|---|---|---|---|
| NA.TO | 68.58 | +0.56 | +0.82% | NATIONAL BANK OF CANADA |
| BMO.TO | 60.57 | +0.31 | +0.51% | BANK OF MONTREAL |
| BNS.TO | 53.59 | -0.20 | -0.37% | BANK OF NOVA SCOTIA |
| TD.TO | 74.81 | -0.50 | -0.66% | TD US Small-Cap Equity - I |
| RY.TO | 55.00 | -0.29 | -0.52% | ROYAL BANK OF CANADA |
| CM.TO | 79.06 | +0.17 | +0.22% |
Friday's chart for the TSX financial sector shows that it came out unscathed by the Ireland bailout request.
In the week ahead, look for the following earnings announcement dates from each of the big 6.
http://www.bnn.ca/News/2010/11/26/Will-Canadian-banks-provide-a-year-end-surprise.aspx
November 30, 2010 NA.TO
December 2, 2010 CM.TO
December 2, 2010 TD.TO
December 3, 2010 BNS.TO
December 3, 2010 RY.TO
December 7, 2010 BMO.TO
Earnings for all financials are expected to be up, however the gains may not be reflected in the stock prices. The earnings may already be built into each bank, as the stock price has consistently rose for the past three months.
Since September, shares of CIBC have performed the strongest, gaining 9.82%, followed by Royal Bank of Canada, up 9.13%, followed by BMO, up 5.16%, TD at 4.21% and BNS, up 3.00%.
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