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A Syrian man, arranges his sweets at his shop in Al-Midan market in downtown Damascus, Syria, Tuesday Nov. 24, 2009. Muslims worldwide are preparing to mark Eid Al-Adh on Friday when they commemorate Prophet Ibrahim's willingness to sacrifice his son. (THE ASSOCIATED PRESS/Bassem Tellawi)

Disappointments on U.S. economic growth, consumer sentiment send stocks lower

The Canadian Press - Tue Nov 24, 7:56 PM

TORONTO - The Toronto stock market closed lower Tuesday following a disappointing revision to recent U.S. economic growth figures and a tepid reading on consumer sentiment just before the start of the holiday shopping season.

  • Specialists Evan Solomon, left, and Robert Levites consult the floor of the New York Stock Exchange Monday, Nov. 23, 2009. Investors halted the stock market's three-day losing streak Monday, buying on a range of factors including the weaker dollar and better-than-expected home sales numbers. (THE ASSOCIATED PRESS/Richard Drew)
    Asian stocks post muted gains amid concerns after US growth downgrade The Canadian Press - 14 minutes ago

    BEIJING - Asian stock markets rose modestly Wednesday in a session damped by evidence that recovery in the world's biggest economy is likely to be slow and bumpy. European shares were higher.

  • A man walks past a company sign at a Nortel Networks office tower in Toronto. THE CANADIAN PRESS/Nathan Denette
    Nortel auctions off another piece with sale of GSM for US$103 million The Canadian Press - 28 minutes ago

    TORONTO - Nortel Networks Corp. has auctioned off another piece of the company with the sale of Global System Mobile to Telefonaktiebolaget LM Ericsson and Kapsch CarrierCom AG in joint bid for US$103 million.

  • A sales assistant arranges gold jewellery at a shop in Ahmedabad. Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners Photo:Sam Panthaky/AFP
    We're running out of gold: miners AFP - 48 minutes ago

    MONTREAL (AFP) - Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners.

  • Gold prices soared to a record above 1,180 dollars here on Wednesday on the back of weak greenback, which makes the precious metal cheaper for buyers using stronger currencies, traders said. Photo:Joe Klamar/AFP
    Gold hits record high 1,180 dollars AFP - 52 minutes ago

    LONDON (AFP) - Gold prices soared to a record above 1,180 dollars here on Wednesday on the back of weak greenback, which makes the precious metal cheaper for buyers using stronger currencies, traders said.

  • Investors play cards in front of an electronic screen showing stock information at a brokerage house in Taiyuan, Shanxi province, November 16, 2009. REUTERS/Stringer
    Asia shares gain, gold hits record high Reuters - 1 hour, 36 minutes ago

    HONG KONG/SEOUL (Reuters) - Asian stocks rose on Wednesday after the Federal Reserve raised U.S. growth forecasts for 2010, while gold struck a record high on a weaker dollar and a media report India was "open to buying" more of the precious metal.


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