The TSX opened higher Friday, lifted by strength in technology and industrials as investors shrugged off fresh trade headlines. Wall Street followed suit, with major U.S. indices extending gains after another round of upbeat corporate earnings.
Air Canada announced a 1 per cent reduction in its management workforce, part of efforts to streamline operations amid persistent cost pressures. Meanwhile, Intel shares jumped 8 per cent after reporting quarterly results that easily beat expectations, boosting investor confidence in the chip sector.
Market numbers
TSX: Up (0.68%), 30,186.28
TSXV: Up (0.42%), 901.08
DOW: Up (0.31%), 46,734.62
NASDAQ: Up (0.88%), 25,097.42
FTSE: Up (0.95%), 9,540.50
In the headlines
- Air Canada trims management workforce – Air Canada (TSX:AC) announced the elimination of roughly 400 management positions — about 1 per cent of its workforce — as part of a cost-saving initiative. The move comes amid ongoing global economic uncertainty and heightened trade tensions.
- Intel jumps on strong earnings – Intel (NDAQ:INTC) stock surged 8 per cent after posting better-than-expected quarterly earnings, signaling renewed optimism for the chipmaker’s turnaround strategy. The results bolstered broader market sentiment for tech stocks.
Currencies
USD: Down (0.20%), $0.7129
GBP: Down (0.35%), $0.5341
EUR: Up (0.13%), $0.6132
JPY: Down (0.05%), ¥108.98
Bitcoin: Up (1.12%), US$111,291.12
(Conversion to C$1)
Commodities
Copper: Up (0.37%), 5.1468
Gold: Down (0.30%), 4,113.97
WTI: Down (0.21%), 62.23
Natural Gas: Up (1.22%), 3.33
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