Ahead of a surprise long-weekend for some, Canada’s main stock index retreated deeper into the red on Friday. The TSX was led lower by losses in the energy, industrial, and technology sectors, while the telecom sector was the only market to post gains.
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Wall Street’s main indexes also closed lower after a profit warning from FedEx spooked already nervous traders about aggressive rate hikes from the Federal Reserve tipping the economy into a recession.
Today in the Markets
| TSX | 19,385.88 | -174.28 |  |
| TSXV | 630.50 | -6.99 | |
| CSE | 274.87 | -2.15 | |
| DJIA | 30,822.42 | -139.40 | |
| NASDAQ | 11,448.40 | -103.95 | |
| S&P 500 | 3,873.33 | -28.02 | |
The Canadian dollar traded for 75.31 cents US compared to 75.59 cents US on Thursday.
US crude futures traded 0.16 per cent lower at $85.24 a barrel, while the Brent contract gained 0.68 per cent to $91.61 a barrel.
The price of gold was up US11.46 to US$1,674.15.
In world markets, the Nikkei was down 308.26 points to 27,567.65, the Hang Seng was down 168.69 points to 18,761.69, the FTSE was down 45.39 points to 7,236.68, and the DAX was down 215.40 points to 12,741.26.
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