MID-DAY: Market growth continues; CRA reports major monthly drop in Canadian home sales
Bank shares are giving a boost to Bay Street today as the TSX opened higher this morning on the back of the financial sector according to reports. The index is up to 15,329.
Wall Street continues its own growth after bouncing back on Wednesday from losses last week. The Dow is up to 24,918.
Oil has edged down slightly after rallying from its losses earlier this week. The price of crude is down 0.55 to 60.05 a barrel.
Gold is down 3.80 to 1,354 an ounce.
The Loonie is sliding from morning gains, down to 79.81 cents US.
Canadian home sales took the biggest plunge in three years. The CRA reports sales dropped by about 14.5 per cent in January, which experts believe is a result of the new mortgage rules putting potential home-buyers through a financial stress test.