Pressure from declining base metal and technology stocks deprived Canada’s main stock index of any upward momentum on Friday, sending the TSX lower by market close.
Utilities and energy shares moved higher. Athabasca Oil Corp., Crescent Point Energy Corp., and Suncor Energy Inc. all posted gains, while Royal Bank of Canada ended lower after it became caught up in efforts by Texas’ government to limit action by banks against gun manufacturers and fossil fuel companies.
Despite a jobs report that showed employers added 390,000 jobs last month, better than expectations for 322,500, Wall Street spiraled into the red as well as Treasury yields climbed.
Today in the Markets
| TSX | 20,790.73 | -241.08 |
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| TSXV | 720.11 | -8.36 |
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| CSE | 321.77 | -0.31 |
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| DJIA | 32,899.70 | -348.58 |
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| NASDAQ | 12,012.73 | -304.06 |
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| S&P 500 | 4,108.54 | -68.28 |
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The Canadian dollar traded for 79.41 cents U.S. compared to 79.52 cents U.S. on Thursday.
U.S. crude futures traded 2.8 per cent higher at $U.S. 120.20 a barrel, while the Brent contract rose 2.9 per cent to $U.S. 121.10 a barrel.
The price of gold was down $U.S.18.81 to $U.S.1,851.10.
In world markets, the Nikkei was up 347.69 points to 27,761.57 the Hang Seng remained at 21,082.13 the FTSE remained at 7,532.95, and the DAX was down 25.08 points to 14,460.09.
