Support from higher commodity prices helped keep the TSX in the green for much of Friday … until markets closed. Stocks endured declines on the week after clocking in their worst performance in a year in the previous session. Statistics Canada reported that retail sales for July rose 0.3 per cent to $66.1 billion, helped by the strength of sales at supermarkets and grocery stores.

U.S. futures continued a four-day losing streak, ending the week with steep losses. Traders reacted to signs from the Federal Reserve that it plans to keep interest rates higher for longer.

S&P 5004,318.24-11.76S&P 500

The Canadian dollar traded for 74.18 cents U.S., compared to 74.24 cents U.S. on Thursday.

U.S. crude futures traded $0.73 higher at $90.36 a barrel, and the Brent contract rose $0.30 to $93.60 a barrel.

The price of gold was up US$4.13 to US$1,925.59.

In world markets, the Nikkei was down 168.62 points to 32,402.41, the Hang Seng was up 402.04 points to 18,057.45, the FTSE was up 5.29 points to 7, 7,683.91, and the DAX was down 14.57 points to 15,557.29.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

More From The Market Herald

@ the Bell: TSX starts week on a down note

Canada’s main stock index fell on Monday, tracking a drop in commodity prices. While mining and energy shares led decliners.
ADF Group - ADF plant, Great Falls, Montana.

Top small-cap stock grows backlog by 69 per cent

ADF Group (TSX:DRX), a top small-cap industrial stock, has signed new orders in the United States totaling C$234 million.