A recovery in crude and gold prices boosted investor sentiment and gave Canada’s main stock index a solid jump on Friday. The TSX regained some of its recent losses, thanks to a broad increase led by strength in the heavyweight energy, base metal, and financial sectors.
Stocks closed lower on Wall Street after a report on the jobs market last month found that hiring slowed to the addition of just 315,000 jobs, which was in line with what policymakers want to cool inflation.
Today in the Markets
The Canadian dollar traded for 76.05 cents US compared to 75.95 cents US on Thursday.
US crude futures traded 0.37 per cent higher at $86.93 a barrel, while the Brent contract gained 0.71 per cent to $93.02 a barrel.
The price of gold was up US$11.54 to US$1,709.07.
In world markets, the Nikkei was down 10.63 points to 27,650.84, the Hang Seng was down 145.22 points to 19,452.09, the FTSE was up 132.69 points to 7,281.19, and the DAX was up 420.04 points to 13,050.27.
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