After two consecutive sessions of losses, Canada’s main stock index bounced back on Friday. The TSX was supported by gains in mining, utilities, and industrial stocks, while a smaller-than-expected quarterly loss helped Air Canada hit a near three-month high.
US stocks suffered from concerns around regional banks and the health of the economy dampened investor sentiment. Regional banks declined broadly after declining in the previous session.
The Canadian dollar traded for 73.78 cents US, compared to 74.15 cents US on Thursday.
US crude futures traded $0.75 lower at $70.12 a barrel, and the Brent contract lost $0.76 to $74.22 a barrel.
The price of gold was down US$4.33 to US$ 2,012.07.
In world markets, the Nikkei was up 261.58 points to 29,388.30, the Hang Seng was down 116.55 points to 19,627.24, the FTSE was up 24.04 points to 7,754.62, and the DAX was up 78.91 points to 15,913.82.
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