Canada’s main stock index reached a new peak on Friday, driven by rising metal prices. Investors are now anticipating the Bank of Canada’s monetary policy decision next week. After this week’s unexpectedly low inflation figures, traders are expecting a larger-than-normal interest rate cut. Such a cut could provide a significant boost to the domestic economy, as the annual inflation rate has fallen below the central bank’s 2 per cent target. The mining sector saw the biggest gain on the TSX while industrials sustained the deepest drop.
In the United States, markets climbed and the Dow Jones also scored a new record as the S&P came within fingertips of a new high. For the week, the three major indices scored their sixth consecutive week of gains. Strong earnings from Netflix (NDAQ:NFLX) closed 11 per cent higher and lifted sentiment. The streaming giant surpassed Wall Street’s Q3 expectations and reported a 35 per cent increase in ad-tier memberships compared with the previous quarter.
| TSX | 24,822.54 | +132.06 |  |
| TSXV | 621.67 | +12.77 | |
| CSE | 171.36 | +4.50 | |
| DJIA | 43,275.91 | +36.86 | |
| NASDAQ | 18,489.55 | +115.94 | |
| S&P 500 | 5,864.87 | +23.40 | |
The Canadian dollar traded for 72.41 cents U.S. compared with 72.46 cents U.S. on Thursday.
U.S. crude futures traded $1.41 lower at $69.26 a barrel, and the Brent contract lost $1.36 to $73.09 a barrel.
The price of gold was up US$26.05 to US$2,719.81.
In world markets, the Nikkei was up 70.56 points to 38,981.75, the Hang Seng was up 725.01 points to 20,804.11, the FTSE was down 26.88 points to 8,358.25, and the DAX was up 73.98 points to 19,657.37.
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(Top image generated with AI)