Commodity prices remained turbulent as Canada’s main stock index stabilized on Friday, but still unable to recover from losses in the previous session. Market focus shifted toward a high-stakes summit between the US and Russia aimed at negotiating an end to the war in Ukraine. Optimism around potential Federal Reserve rate cuts helped keep Canadian stocks on track for a positive weekly finish. Meanwhile, oil prices declined amid growing concerns over fuel demand, triggered by underwhelming economic data from both the US and China.
In the US, stock performance was mixed on Friday as Wall Street prepared to close out another week of gains. Intel (NASDAQ:INTC) shares rose nearly 3 per cent following a Bloomberg report suggesting the Trump administration is considering a government stake in the company.
| TSX | 27,905.49 | -10.50 |  |
| TSXV | 790.77 | +10.96 |  |
| CSE | 156.87 | -3.64 | |
| DJIA | 44,946.12 | +34.86 | |
| NASDAQ | 21,622.98 | -87.69 | |
| S&P 500 | 6,449.80 | -18.74 | |
The Canadian dollar traded for 72.40 cents US compared to 72.42 cents US on Thursday.
US crude futures traded $0.84 lower at US$63.12 a barrel, and the Brent contract lost $0.72 to US$66.12 a barrel.
The price of gold was up $0.37 to US$3,338.48.
In world markets, the Nikkei was up 729.05 points to ¥43,378.31, the Hang Seng was down 249.25 points to HK$25,270.07, the FTSE was down 38.34 points to ₤9,138.90, and the DAX was down 18.20 points to €24,359.30.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.