The finance sector was down 0.83% to endhttp://tmx.quotemedia.com/marketsca.php?locale=EN the week at 181.
RY.TO took a huge hit today (too bad I'm holding it in another portfolio of mine right now, cause I'd buy it tomorrow if I wasn't:) offset by a huge gain in BNS. Probably due to the fact that BNS posted a record year for profits in 2010.http://www.tradingmarkets.com/news/press-release/bns_bns_scotiabank-reports-record-year-with-2010-net-income-of-4-2-billion-1345693.html
Symbol | Price | Change | % Change | |
---|---|---|---|---|
TD.TO | 72.23 | -1.06 | -1.45% | TORONTO-DOMINION BANK |
BNS.TO | 55.63 | +1.66 | +3.08% | BANK OF NOVA SCOTIA |
BMO.TO | 59.89 | -0.95 | -1.56% | BANK OF MONTREAL |
CM.TO | 78.50 | -0.81 | -1.02% | CANADIAN IMPERIAL BANK OF COMME |
RY.TO | 53.25 | -2.47 | -4.43% | ROYAL BANK OF CANADA |
NA.TO | 69.37 | +0.02 | +0.03% |
The best buys by far for tomorrow are RY.TO and TD.TO. They're low risk just given their magnitude. The losses in the latter part of the week were overshadowed by the media and focus on financial reports. The charts show that they're reaching support levels, suggesting a bounce in the days ahead.
http://stockcharts.com/scripts/php/candleglance.php?bns.to,%20bmo.to,%20ry.to,%20cm.to,%20na.to,%20td.to
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