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In a nutshell, if 1 CAD = 1 USD Canada may lose its TV and Film production
competitive advantage.
This may or may not [directly] impact HDTV production in North America, but
may impact HD distribution elsewhere.
==========================
U.S. markets rally on Bush victory; loonie surges
Last Updated Wed, 03 Nov 2004 16:53:54 EST
http
/www.cbc.ca/story/business/national/2004/11/03/markets_110304.html
TORONTO - U.S. stock markets ended the trading day with solid gains
Wednesday and the Canadian dollar climbed more than a cent as election night
uncertainty gave way to the certainty of a Bush victory.
The Dow Jones Industrial Average was up 101.32 points to close at 10137.05,
pulling back from even earlier highs after oil prices moved higher (up $1.26
US to $50.88 US a barrel. The Nasdaq Composite Index was up 19.50 points to
2004.30 - its first close above 2000 since early July.
Analysts said the markets appeared relieved that the 2004 election results
and John Kerry's subsequent concession meant there would be no repetition of
the month-long period of uncertainty that followed the 2000 vote.
Market watchers said many investors welcome a Bush re-election. "The market
was always hoping Bush would win this election," said Henk Potts of Barclays
Capital in London. "It's certainly positive for the equities market. You're
bringing back a president who's cut capital gains tax, he's cut dividend
tax. He's certainly proved himself to be a friend of big business," he said.
Drug company and defence stocks enjoyed the biggest gains. Pfizer was up 3.7
per cent; Johnson & Johnson rose 2.3 per cent; United Technologies added 1.8
per cent.
Canadian stocks shed their early gains. The S&P/TSX Composite Index ended
down 28.63 points at 8842.31 after touching an almost four-year high earlier
in the day.
[local market information deleted]
The Canadian dollar gained 1.03 cents US to a new 12-year high of 82.71
cents US. The U.S. dollar also lost ground against the yen, the euro, and
the pound. Gold futures gained $4.60 US to $424.60 US an ounce.
[CBC News Online]
==========================
In a nutshell, if 1 CAD = 1 USD Canada may lose its TV and Film production
competitive advantage.
This may or may not [directly] impact HDTV production in North America, but
may impact HD distribution elsewhere.
==========================
U.S. markets rally on Bush victory; loonie surges
Last Updated Wed, 03 Nov 2004 16:53:54 EST
http
/www.cbc.ca/story/business/national/2004/11/03/markets_110304.htmlTORONTO - U.S. stock markets ended the trading day with solid gains
Wednesday and the Canadian dollar climbed more than a cent as election night
uncertainty gave way to the certainty of a Bush victory.
The Dow Jones Industrial Average was up 101.32 points to close at 10137.05,
pulling back from even earlier highs after oil prices moved higher (up $1.26
US to $50.88 US a barrel. The Nasdaq Composite Index was up 19.50 points to
2004.30 - its first close above 2000 since early July.
Analysts said the markets appeared relieved that the 2004 election results
and John Kerry's subsequent concession meant there would be no repetition of
the month-long period of uncertainty that followed the 2000 vote.
Market watchers said many investors welcome a Bush re-election. "The market
was always hoping Bush would win this election," said Henk Potts of Barclays
Capital in London. "It's certainly positive for the equities market. You're
bringing back a president who's cut capital gains tax, he's cut dividend
tax. He's certainly proved himself to be a friend of big business," he said.
Drug company and defence stocks enjoyed the biggest gains. Pfizer was up 3.7
per cent; Johnson & Johnson rose 2.3 per cent; United Technologies added 1.8
per cent.
Canadian stocks shed their early gains. The S&P/TSX Composite Index ended
down 28.63 points at 8842.31 after touching an almost four-year high earlier
in the day.
[local market information deleted]
The Canadian dollar gained 1.03 cents US to a new 12-year high of 82.71
cents US. The U.S. dollar also lost ground against the yen, the euro, and
the pound. Gold futures gained $4.60 US to $424.60 US an ounce.
[CBC News Online]
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