As commodity prices declined, futures for Canada’s main resource-heavy stock index fell on Friday.

Investors assessed hotter-than-expected domestic producer prices data, which riled up concerns about interest rate hikes. The healthcare, financial, and utilities sectors closed higher. Stock markets were volatile this week. While inflation rose in January, a tight job market and resilience in consumer spending could offer more room for the US Fed Reserve to raise borrowing costs.

Oil prices dropped following the latest bold rhetoric from Fed officials, with oil prices under added pressure from signs of ample American supplies. US equity indexes also ended lower on fears that accelerating inflation in the face of a sturdy economy could motivate the Federal Reserve to keep monetary policy restrictive throughout the year.

Today in the Markets

TSX 20,515.24 -91.18 TSX
TSXV 627.78 +0.56 TSXV
CSE 201.04 -0.27 TSXV
DJIA 33,826.69 +129.84 DJIA
NASDAQ 11,787.27 -68.56 NASDAQ
S&P 500 4,075.61 14.80 S&P 500

The Canadian dollar traded for 74.24 cents US, compared to 74.30 cents US on Thursday.

US crude futures traded $1.98 lower at $76.51 a barrel, and the Brent contract lost $1.99 to $83.15 a barrel.

The price of gold was up 8.73 to US$1,842.42.

In world markets, the Nikkei was down 183.31 points to 27,513.13, the Hang Seng was down 267.86 points to 20,719.81, the FTSE was down 18.68 points to 7,993.85, and the DAX was down 51.64 points to 15,482.00.

Get @ the Bell delivered to your email inbox every day!

Sign Up Here

DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
More From The Market Online

Bitfarms upgrades mining fleet before Bitcoin halving

Global Bitcoin miner Bitfarms (TSX:BITF) is continuing to post strong production results as the Bitcoin halving grows near.

@ the Bell: Major markets surge into March

The TSX began March by rallying for a second consecutive day as it joined other major global stock markets to finish the week strong.
Complexity Gaming

GameSquare sells Complexity Gaming for US$10.36 million

GameSquare Holdings, Inc. (TSX.V:GAME; NASDAQ:GAME) has announced it sold its Complexity Gaming e-sports team for US$10.36 million.