Canada’s main stock index regained some lost ground on Friday as it rose in late-morning trading, helped by strength in the base metal, energy, and financial sectors. Health care and utilities closed lower.
Upbeat retail sales data relived some concerns on Wall Street about an economic slowdown. Investors are still worried over a possible 1 per cent Federal Reserve rate hike at the end of July.
Today in the Markets
The Canadian dollar traded for 76.70 cents US compared to 76.29 cents US on Thursday.
US crude futures traded 2.02 per cent higher at $97.71 a barrel, while the Brent contract gained 1.96 per cent to $101.00 a barrel.
The price of gold was down US$7.33 to $1,704.86.
In world markets, the Nikkei was up 145.08 points to 26,788.47, the Hang Seng was down 453.49 points to 20,297.72, the FTSE was up 119.20 points to 7,159.01, and the DAX was up 345.06 points to 12,864.72.
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