Neon bull and bear market battle with heartbeat pulse showing stock trend. (Source: Adobe Stock. Generated by AI)

The TSX index gave back 52 basis points on Friday driven by losses in technology, industrial and healthcare stocks, as well as stronger-than-expected labour data slimming chances of an interest rate cut next Wednesday from the Bank of Canada.

US markets were cheerier for the opposite reason, with signs of a slowing labour market, coupled with resilient prices, improving the chances for the US Federal Reserve to ease interest rates, also on Wednesday.

TSX31,311.41-166.16TSX
TSXV939.76-8.78TSXV
CSE155.32-2.93CSE
DJIA47,954.99+104.05DJIA
NASDAQ23,578.13+73NASDAQ
S&P 5006,870.40+13.28S&P 500

The Canadian dollar traded for US$0.7237, up from US$0.7165 on Thursday.

US crude futures traded US$0.46 higher to US$60.13 per barrel, while the Brent contract added US$0.03 to US$63.78 per barrel.

The price of gold was down by US$15.34 to US$4,197.81 per ounce.

In world markets, the Nikkei index was down by 536.55 points to 50,491.87, the Hang Seng was up by 149.18 points to 26,085.08, the FTSE was down by 43.86 points to 9,667.01, and the DAX was up by 146.11 points to 24,028.14.

Join the discussion: Find out what investors are saying about upcoming North American interest rate decisions and the rest of Friday’s stock market action on Stockhouse’s stock forums and message boards.

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