Thursday, January 27, 2011

TSX Volume Leaders On A Red Day

Volume Leaders

SymbolNameLast TradeChangeVolumeRelated Info
ELR.TOEASTERN PLATINUM LIMITED1.634:35PM ESTDown 0.03 (1.81%)15,017,045Chart, Profile, More
XIU.TOiShares S&P/TSX 60 Index19.353:59PM ESTDown 0.04 (0.21%)9,558,357Chart, Profile, More
HNU.TOHorizons BetaPro NYMEX Natural6.364:27PM ESTDown 0.50 (7.29%)9,040,058Chart, Profile, More
BBD-B.TOBOMBARDIER INC., CL. B, SV5.754:20PM ESTDown 0.04 (0.69%)8,275,798Chart, Profile, More
CEE.TOCENTAMIN EGYPT LIMITED2.104:00PM ESTDown 0.05 (2.33%)7,082,897Chart, Profile, More
UUU.TOURANIUM ONE INC.5.854:00PM ESTDown 0.09 (1.52%)6,402,201Chart, Profile, More
HND.TOHorizons BetaPro NYMEX Natural8.334:16PM ESTUp 0.56 (7.21%)6,328,560Chart, Profile, More
AC-B.TOAIR CANADA, CL.B3.304:00PM ESTUp 0.14 (4.43%)6,276,107Chart, Profile, More
BTO.TOB2GOLD CORP.2.364:15PM ESTDown 0.03 (1.26%)5,599,136Chart, Profile, More
EQN.TOEQUINOX MINERALS LIMITED6.024:00PM ESTDown 0.03 (0.50%)5,531,101Chart, Profile, More
CLM.TOCONS. THOMPSON IRON MINES LTD.17.264:00PM ESTDown 0.03 (0.17%)5,446,380Chart, Profile, More
RY.TOROYAL BANK OF CANADA53.464:00PM ESTUp 0.56 (1.06%)5,176,474Chart, Profile, More
AEI.TOARSENAL ENERGY INC.0.963:59PM ESTUp 0.02 (2.13%)4,473,170Chart, Profile, More
HOU.TOHorizons BetaPro NYMEX Crude O6.623:59PM ESTDown 0.32 (4.61%)4,466,929Chart, Profile, More
K.TOKINROSS GOLD CORP.16.614:35PM ESTDown 0.48 (2.81%)4,301,329Chart, More
TBE.TOTWIN BUTTE ENERGY LTD.2.653:59PM ESTUp 0.02 (0.76%)4,260,884Chart, Profile, More
ABX.TOBARRICK GOLD CORPORATION46.024:36PM ESTDown 1.57 (3.30%)4,072,534Chart, Profile, More
WIN.TOWI-LAN INC6.774:00PM ESTUp 0.13 (1.96%)3,957,197Chart, Profile, More
SU.TOSUNCOR ENERGY INC.38.554:00PM ESTDown 0.55 (1.41%)3,931,020Chart, Profile, More
YRI.TOYAMANA GOLD INC11.234:00PM ESTDown 0.27 (2.35%)3,640,048Chart, Profile, More
LUN.TOLUNDIN MINING CORP.7.364:00PM EST0.00 (0.00%)3,582,085Chart, Profile, More
QUX.TOQUADRA FNX MINING LTD.13.854:00PM ESTUp 0.03 (0.22%)3,323,932Chart, Profile, More
AVR.TOAVION GOLD CORP1.593:59PM EST0.00 (0.00%)3,259,625Chart, More
G.TOGOLDCORP INC40.414:00PM ESTDown 0.80 (1.94%)3,131,377Chart, Profile, More
SC.TOSHOPPERS DRUG MART CORPORATION37.194:15PM ESTDown 1.99 (5.08%)2,995,369Chart, Profile, More

Wednesday, January 26, 2011

USA retail rebounded in 4th Q 2010

Consumer rebound: No 'sugar rush' - it's 'protein'

By Chris Isidore, senior writer


NEW YORK (CNNMoney) -- American consumers are finally opening their wallets again, according to an exclusive CNNMoney survey, raising hopes that the long-suffering economy could get a boost.

The survey of 27 leading economists forecasts that personal consumption, a measure of consumer spending, jumped by 4% in the fourth quarter. If that forecast is correct, it will be the strongest increase in that key reading since 2006.

"Those who were employed during the recession were often afraid of spending due to fears of losing their jobs," said Jharonne Martis-Olivo, director of consumer research for Thomson Reuters. "I do think they opened up during the fourth quarter."

The bullish outlook for consumer spending is the reason why economists now forecast that Friday's reading on gross domestic product, the government's main measure of the economy's strength, grew at a 3.5% annual rate in the fourth quarter -- a significant increase from a 2.6% rise in the previous quarter.

"You won't see this kind of pop every quarter -- we're not going to have Christmas again in the first quarter. But the worst is over," said David Wyss, chief economist at Standard & Poor's. "I think there has been a corner turned here."

The spending improvements are broad-based, including a strong holiday shopping season and a rebound in demand for new cars. Consumers finally bought big-ticket items that they had held off on during the recession, with Thomson-Reuters forecasting a 24% annual rise in spending for such purchases.

"There was a big release of pent-up demand in the fourth quarter that has been building up for a couple of years, at least," said George Mokrzan, senior economist, Huntington National Bank, who is forecasting that personal consumption jumped by 4.5% in the period.

He expects the gains in consumer spending to continue throughout 2011 as employers add more workers to meet increased demand, and workers benefit from the partial holiday in payroll taxes and greater credit availability.

Improvements in the stock market have also helped give consumers more confidence, reducing the drive to choose saving over spending. The savings rate, which had climbed to 7.2% in early 2009, had fallen to near 5% by the end of 2010.

"People got bored with being frugal. It's much more fun to go out there and spend money," said Wyss.

The 3.5% growth forecast for GDP is solid but not spectacular -- the economy grew at a faster rate at the end of 2009 and the start of 2010. But those gains came with little help from consumers, driven instead by government stimulus spending and a restocking of business inventories that had been slashed during the recession -- what Robert Brusca of FAO Economics calls a sugar rush.

"This growth isn't a sugar rush. It's protein," he said of the current strength of the recovery. His prediction for personal consumption is the most bullish -- up 4.7% -- even though he's expecting a more modest 3.8% gain in overall GDP.

"There are all kinds of little indicators like this that suggest people who have jobs are more secure and starting to spend," Brusca said.

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