Friday, November 21, 2008

Bargain-hunters survey the rubble after massive stock-market carnage

The economic collapse is going to play a big a role come the next election whenever it may be... .

Bargain-hunters survey the rubble after massive stock-market carnage

TORONTO - New York stock index futures point to a positive open and overseas markets are modestly higher after two days of huge drops.


Commodity prices also are reversing massive declines, with the near-month crude oil contract up 87 cents at US$50.29 on the New York Mercantile Exchange after falling to $48.25 overnight. Copper is up 0.95 cent at US$1.5895 a pound.


The beaten-down Canadian dollar - which plunged 2.52 cents yesterday - opened at 78.04 cents US, up 0.73 cent after Statistics Canada reported the headline inflation rate eased last month to 2.6 per cent, from 3.4 per cent in September.

Story: http://ca.news.yahoo.com/s/capress/081121/business/dollar_markets

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