Canada’s primary stock index rose slightly on Friday as investors took stock of domestic GDP figures and US inflation data. Meanwhile, Canada Post workers launched a nationwide strike following government calls for sweeping reforms aimed at modernizing operations and improving financial stability. According to the latest report from, Statistics Canada our GDP rose 0.2 per cent in July, up for the first time in four months.
US markets rebounded from earlier losses this week as new data revealed that Americans increased their spending in August despite persistent inflation. Consumer spending rose by 0.6 per cent from July, surpassing the 0.5 per cent gain expected by analysts, according to FactSet. The Personal Consumption Expenditures (PCE) price index — the Federal Reserve’s preferred inflation measure — climbed 0.3 per cent month-over-month, pushing the annual rate to 2.7 per cent, its highest level in six months.
| TSX | 29,761.28 | +29.30 |  |
| TSXV | 933.95 | +13.77 | |
| CSE | 162.94 | -0.37 |  |
| DJIA | 46,247.29 | +299.97 | |
| NASDAQ | 22,484.07 | +99.37 | |
| S&P 500 | 6,643.70 | +38.98 | |
The Canadian dollar traded for 71.73 cents US compared to 71.72 cents US on Thursday.
US crude futures traded $0.32 higher at US$65.30 a barrel, and the Brent contract rose $0.33 to US$69.75 a barrel.
The price of gold was up US$27.75 to US$3,767.66.
In world markets, the Nikkei was down 399.94 points to ¥45,354.99, the Hang Seng was down 356.48 points to HK$26,128.20, the FTSE was up 70.85 points to ₤9,284.83, and the DAX was up 204.64 points to €23,739.47.
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