Canada’s main stock market reached a high not seen in months on Friday, helped by gains in metal prices. Investors were also digesting Bank of Canada Governor Tiff Macklem’s warning that persistent energy-price inflation could keep pressure on interest-rate policy. Although no rate change is expected on October 28, traders continue to anticipate a quarter-point hike before year-end.
In the United States, stocks wrapped up a largely negative week as weakness in technology and AI-related companies weighed on sentiment. Chipmakers were among the biggest laggards, with semiconductor stocks facing renewed pressure from concerns about Chinese competition.
| TSX | 36,176.55 | +39.45 |  |
| TSXV | 845.30 | -1.08 |  |
| CSE | 139.77 | -3.30 | |
| DJIA | 52,002.41 | -175.28 | |
| NASDAQ | 26,140.03 | -572.99 | |
| S&P 500 | 7,659.44 | -84.62 | |
The Canadian dollar traded for 70.61 cents US compared to 70.45 cents US on Thursday.
US crude futures traded US$1.70 higher at US$99.67 a barrel, and the Brent contract rose US$2.06 to US$108.00 a barrel.
The price of gold was up US$15.20 to US$4,164.06.
In world markets, the Nikkei was up 898.34 points to ¥65,324.29, the Hang Seng was up 124.11 points to HK$24,186.83, the FTSE was up 41.55 points to ₤10,881.90, and the DAX was up 239.80 points to €25,622.42.