A strong rally led by financial and industrials stocks pushed Canada’s main stock index to another record high Friday. The broad gain on the TSX also saw significant growth among the mining and tech sectors. An unexpected drop in the national unemployment rate eased worries about a struggling job market.
On Wall Street, the S&P 500 hit a new record, logging its fifth winning week as the major averages all scored weekly gains. Top banking names provided a strong start to the Q3 earnings season and lifted stocks. The producer price index, which tracks wholesale inflation, stayed flat in September, falling short of the 0.1 per cent rise anticipated by Dow Jones.
| TSX | 24,471.17 | +168.91 |  |
| TSXV | 605.43 | +9.62 | |
| CSE | 160.79 | +0.61 |  |
| DJIA | 42,863.86 | +409.74 | |
| NASDAQ | 18,342.94 | +60.89 | |
| S&P 500 | 5,819.90 | +39.85 | |
The Canadian dollar traded for 72.66 cents U.S. compared with 72.76 cents U.S. on Thursday.
U.S. crude futures traded $0.30 lower at $75.55 a barrel, and the Brent contract lost $0.42 to $78.98 a barrel.
The price of gold was up US$23.21 to US$2,655.97.
In world markets, the Nikkei was up 224.91 points to 39,605.80, the Hang Seng remained at 21,251.98, the FTSE was up 15.92 points to 8,253.65, and the DAX was up 162.93 points to 19,373.83.
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(Top image generated with AI)
