Canada’s main stock index moved higher on Friday, signaling a stronger open after the previous session’s steep decline. The uptick was supported by a rebound in precious metals and rising oil prices ahead of US–Iran talks in Oman.
In the US, markets closed the week on a positive note despite several days of turbulence marked by weak tech performances and concerns over a potential cryptocurrency downturn. The Dow Jones hit an all-time high. Stocks edged higher even as Amazon stock fell 5.5 per cent after reporting earnings per share slightly below analyst forecasts and warning that capital expenditures will reach US$200 billion this year. Meanwhile, Reddit stock fell 7.4 per cent despite an earnings beat, upbeat guidance, and the announcement of a stock repurchase program.
| TSX | 32,470.98 | +476.38 |  |
| TSXV | 1,015.34 | +45.69 | |
| CSE | 167.56 | +5.98 | |
| DJIA | 50,115.67 | +1,206.95 | |
| NASDAQ | 23,031.21 | +490.63 | |
| S&P 500 | 6,932.30 | +133.90 | |
The Canadian dollar traded for 73.26 cents US compared to 73.05 cents US on Thursday.
US crude futures traded $0.22 higher at US$63.51 a barrel, and the Brent contract rose $0.38 to US$67.93 a barrel.
The price of gold was up US$91.62 to US$4,958.84.
In world markets, the Nikkei was up 435.64 points to ¥54,253.68, the Hang Seng was down 325.29 points to HK$26,559.95, the FTSE was up 60.53 points to ₤10,369.75, and the DAX was up 230.40 points to €24,721.46.
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