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As commodity prices declined, futures for Canada’s main resource-heavy stock index fell on Friday.

Investors assessed hotter-than-expected domestic producer prices data, which riled up concerns about interest rate hikes. The healthcare, financial, and utilities sectors closed higher. Stock markets were volatile this week. While inflation rose in January, a tight job market and resilience in consumer spending could offer more room for the US Fed Reserve to raise borrowing costs.

Oil prices dropped following the latest bold rhetoric from Fed officials, with oil prices under added pressure from signs of ample American supplies. US equity indexes also ended lower on fears that accelerating inflation in the face of a sturdy economy could motivate the Federal Reserve to keep monetary policy restrictive throughout the year.

Today in the Markets

TSX 20,515.24 -91.18 TSX
TSXV 627.78 +0.56 TSXV
CSE 201.04 -0.27 TSXV
DJIA 33,826.69 +129.84 DJIA
NASDAQ 11,787.27 -68.56 NASDAQ
S&P 500 4,075.61 14.80 S&P 500

The Canadian dollar traded for 74.24 cents US, compared to 74.30 cents US on Thursday.

US crude futures traded $1.98 lower at $76.51 a barrel, and the Brent contract lost $1.99 to $83.15 a barrel.

The price of gold was up 8.73 to US$1,842.42.

In world markets, the Nikkei was down 183.31 points to 27,513.13, the Hang Seng was down 267.86 points to 20,719.81, the FTSE was down 18.68 points to 7,993.85, and the DAX was down 51.64 points to 15,482.00.

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