The TSX opened slightly higher Friday, supported by strong quarterly earnings from Cenovus Energy and Canadian National Railway, even as global markets turned cautious following another tech selloff on Wall Street.
Oil prices continued to climb, lending further support to energy names, while gold held steady as investors assessed the latest batch of corporate results and central bank commentary.
In the U.S., the Nasdaq fell sharply for a second straight session, weighed down by disappointing earnings across several major tech firms despite upbeat results from Amazon and Apple.
Market numbers
TSX: Up (0.11%), 30,178.98
TSXV: Down (0.25%), 895.22
DOW: Down (0.23%), 47,522.13
NASDAQ: Down (1.47%), 25,734.81
FTSE: Up (0.51%), 9,767.50
In the headlines
- Cenovus Energy reports $1.29B Q3 profit – Cenovus Energy (TSX:CVE) posted a $1.29 billion profit for the third quarter, up from $820 million a year earlier, supported by stronger oil prices and higher downstream margins.
- CN Rail earnings climb to $1.14B – Canadian National Railway (TSX:CNR) reported a $1.14 billion Q3 profit, up from $1.09 billion a year ago, citing improved efficiency and higher shipping volumes across grain and petroleum segments.
Currencies
USD: Down (0.29%), $0.7125
GBP: Up (0.03%), $0.5433
EUR: Down (1.16%), $0.6167
JPY: Down (0.25%), ¥109.91
Bitcoin: Up (0.14%), US$110,029.78
(Conversion to C$1)
Commodities
Copper: Down (0.45%), 5.1276
Gold: Up (0.14%), 4,030.13
WTI: Up (1.32%), 61.39
Natural Gas: Up (1.63%), 4.12
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