TD Canada Trust changes residential mortgage rates

Interest is calculated half-yearly not in advance. The rate is a reduction in the rate displayed. Offers may be changed, withdrawn or extended at any time without notice. They can not be combined with any other discount rate, offer or promotion.

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Midday: Wall Street of China to raise interest rates to continue rising inflation

Monday, U.S. stocks closed at a new high for many years, in which the Dow rose 0.57% to close at 12,162 points, the highest since June 2008 a new high. S & P 500 closed at two and a half high. 3 years since the Nasdaq record closing high.

According to media reports, China's central bank announced its benchmark deposit and lending rates by 25 basis points. Forex.com agency UK, Europe, Middle East and African Studies department is responsible for Kathleen - Brooks (Kathleen Brooks) said, "interest rates that the Chinese government's determination to curb inflation, so today's market sentiment is difficult to be optimistic."

However, she said, "However, China's central bank into a very slow, steady rate hikes. And is worth noting that, even if the interest rate, China's real interest rates remain negative."

Afternoon: earnings and economic data pushed U.S. stocks

Today morning the news of Intel's stock was suspended from trading stocks to go so soft. The chip giant reported that chipset design defects, thereby reducing the expected revenue to $ 300,000,000.

But economic data released today encouraging and promoting a stronger U.S. stocks. By rising incomes and lower prices, fueled the increase in December U.S. consumer spending, weak economic recovery in the U.S. have the necessary impetus. 12 about 0.7% growth in consumer spending, personal income for the fourth consecutive month growth rate of 0.4%. Economists on average had expected personal spending to grow 0.5%, personal income rose 0.4%.

The data also show that the U.S. inflation rate is still below the Fed's price stability target recognition range. December's core personal consumption expenditure price index rose 0.7%, 11 month growth rate of 0.8%. The Fed's target range for core CPI 1.5% to 2%.

U.S. stocks opened, the U.S. Institute for Supply Management (ISM) Chicago branch, announced in January the Chicago purchasing managers index (PMI) was 68.8, the highest since July 1988 a new high. According to Bloomberg News survey of economists forecast an average 65.0 points. December last year, the Chicago PMI to 66.8 points (correction value).

Representatives of the Federal Reserve Ben Bernanke admit: 2005 failed to foresee the real estate bubble

Federal Reserve Chairman Ben - Bernanke (Ben S. Bernanke) said the Fed governor in 2005, the housing market did not foresee the threat of the financial system, in part because the Fed economists did not find a significant risk.
Bernanke last December 21 to the financial crisis, the Commission of Inquiry (Financial Crisis Inquiry Commission) said in a letter submitted to the U.S. Federal Open Market Committee (hereinafter referred to as the "FOMC") held in mid-2005 meeting, Fed Governor and the local staff of the Federal Reserve governors heard the reports, which indicate that the U.S. mortgage system of housing prices may fall due to "distortions, but is unlikely to collapse," that the housing market may also have "reliable basic surface. "
Bernanke said in his letter: "In view of these and other analysis, the summer of 2005 FOMC meeting is difficult to suspect that many participants are too high valuation of the housing market will bring major systemic risk." Bernanke of the 2005 the contents of letters earlier this month open the letter is handwritten, 2005 FOMC meeting part of the record content. The Fed has not announced any 2006 or subsequent meeting of handwritten records.
Commission of Inquiry on the financial crisis earlier in the day released a report of up to 545, including the above-mentioned letter Bernanke provided some of the points. Congress had designated the Commission of Inquiry to the financial crisis of 2008 to investigate the causes of the credit crisis, the Commission released a report today accused said, "regardless of the consequences of the" Wall Street firms and the "weak" Federal regulators are led to this crisis where the cause, and concluded that the crisis could have been avoided.

Temperature rise of venture capital in nearly 3 months of gold low

The dollar rose on the New York Mercantile Exchange gold futures closed mostly down 25.
Among them, the February gold contract fell $ 12.20, down 0.9%, to close at 1,332.30 U.S. dollars / ounce, the highest since October 27 last year, the lowest since.
Olympus Futures Chicago, senior market analyst Charles Nedoss said the influx of hot money is the stock market, for which the charm of gold investment decreased.
However, Charles Nedoss that from the long term, gold bullish trend.
Charles Nedoss pointed out that some of the stock market's performance beyond its proper level, particularly in employment and real estate market situation is still fragile. Therefore, as a safe-haven assets of gold still have a chance to regain the favor of investors.
Weak trend of gold futures last week, as investors in the strong U.S. economic data and corporate earnings front, more of the money threw high-risk assets.

Midday: Stocks continue to rise soon State of the Union

Midday Monday, the U.S. stock market continued to rise, raw materials sector led the broader market. Investors this week will announce earnings and Obama's State of the Union optimistic expectations.
EST at 12:00 on January 24 (Beijing time at 1:00 on January 25), the Dow Jones industrial average rose 80.71 points to 11,952.55 points, or 0.68%; the Nasdaq composite index rose 21.88 points to 2,711.42 points, or 0.81%; Standard & Poor's 500 index rose 5.89 points to 1,289.24 points, or 0.46%.
Dow 30 stocks Intel (INTC) rose 1.1%, the chip maker announced a 15% dividend increase and stock repurchase plan approved by the size of its increase of 100 billion U.S. dollars. United Technologies Corp. (UTX) up 0.8%, the company will report earnings after the bell on Monday. American Express (AXP) will report earnings after the bell today, and its shares rose 0.1%.
Dow component, fast-food giant McDonald's (MCD) fell 0.8%. The company announced fourth-quarter net profit rose 2.1%, in line with market expectations. But investors at the end of this company same-store sales growth was slowing down. McDonald's December same-store sales increase of 2.6%, only about half of the increase in the previous two months.
RadioShack (RSH) fell 11.9%, so the only non-consumer goods sector fell of the plate. The company expects fourth-quarter earnings would be below analyst expectations. The company also said that as the business unit T-Mobile's poor performance, and increase the proportion of low-margin mobile phone sales, promotions, increased, it is expected that future profitability will be reduced. In addition, the company also announced that Chairman and CEO Julian - Dey (Julian Day) will retire in May.

Survey the week of Jan. 19 Wall Street bull market sentiment fall

American Association of Individual Investors weekly online poll, as of January 19 the week held bullish view on the U.S. stock market decline in the proportion of investors.
 Views on the U.S. stock market bulls proportion of investors 52.34% the previous week fell to 50.75%, the proportion of investors holding the bear market point of view of 23.44% the previous week rose to 29.10%.
 Survey, the U.S. stock market investors neutral point of view the proportion of 24.22% the previous week fell to 20.15%.