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Tuesday, November 30, 2010

The TSX finished the day off at 12593 today, up 0.44% from Monday. The gains were lead by infotech and metals & mining.

Financials finished the day at 180.60, down 0.47% for the day. Beside financials were utilities and telecom as the losers. http://tmx.quotemedia.com/marketsca.php?locale=EN

SymbolPriceChange% Change
NA.TO67.84-0.89-1.29%NATIONAL BANK OF CANADAChart for NATIONAL BANK OF CANADA
CM.TO79.05-0.36-0.45%CANADIAN IMPERIAL BANK OF COMMEChart for CANADIAN IMPERIAL BANK OF COMME
RY.TO54.95-0.43-0.78%ROYAL BANK OF CANADAChart for ROYAL BANK OF CANADA
TD.TO74.69-0.14-0.19%TORONTO-DOMINION BANKChart for TORONTO-DOMINION BANK
BNS.TO53.22-0.22-0.41%BANK OF NOVA SCOTIAChart for BANK OF NOVA SCOTIA
BMO.TO60.20-0.17-0.28%




Financials pulled back hard at the end of the day, despite the fact that the National Bank of Canada (TSX: NA) announced a 19% increase in Q4 profitability over the previous year. AND a dividend increase of 6.5%. Tough crowd. You’ll note that this is what I predicted on Sunday (insert pat on the back hereJ)



US Financial sector was also cut really deep today, with Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM) taking the strongest hits – down 3.18% and 1.35% respectively.

Next up: earnings announcements from TD and CM on Thursday. Stay tuned.

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