Early strength in the commodity market could not keep Canada’s main stock index in the green on Friday.
Ahead of a long weekend on Bay Street, high inflation and weakness in the latest manufacturing numbers could continued to keep investors on their toes and the TSX ended the week lower.
Despite a strong start, US indexes also closed sharply lower, though banks and megacap growth shares rose on the last day of a week that saw heightened volatility over concerns about the impact of higher inflation and rate hikes deployed to tame it. Retailers’ disappointing forecasts from major retailers didn’t help and only rattled market sentiment this week, proving that rising prices have started hurting consumers’ purchasing power.
Today in the Markets
| TSX | 20,197.61 | +15.69 |  |
| TSXV | 702.09 | -3.49 |  |
| CSE | 335.79 | +11.70 | |
| DJIA | 31,261.90 | +8.77 | |
| NASDAQ | 11,354.62 | -33.88 | |
| S&P 500 | 3,901.36 | +0.57 | |
The Canadian dollar traded for 78.13 cents US compared to 78.11 cents US on Thursday.
Crude oil prices were down 0.01 to $112.20.
The price of gold was up 0.22 to $1,842.48.
In world markets, the Nikkei was up 336.19 points to 26,739.03 the Hang Seng was up 596.56 points to 20,717.24 the FTSE was up 87.24 points to 7,389.98, and the DAX was up 99.61 points to 13,981.91.