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The major deal between Canada’s two main telecom companies, Rogers and Shaw, made progress on Friday, helping the TSX close higher in a broad increase across sectors. Gains were capped on concerns over “soft landing” challenges for the economy, however.

Wall Street’s main indexes also closed higher, seeing the NASDAQ and S&P 500 score a fourth straight week of gains. Bets of another super-sized interest rate hike seem to be cooling on evidence that inflation could be easing.

Today in the Markets

TSX 20,179.81 +187.93 TSX
TSXV 680.51 +7.49 TSXV
CSE 287.39 -0.23 TSXV
DJIA 33,761.05 +424.38 DJIA
NASDAQ 13,047.19 +267.27 NASDAQ
S&P 500 4,280.15 +72.88 S&P 500

The Canadian dollar traded for 78.25 cents US compared to 78.36 cents US on Thursday.

US crude futures traded 2.69 per cent lower at $91.80 a barrel, while the Brent contract lost 1.75 per cent to $97.86 a barrel.

The price of gold was up US$12.66 to US$1,801.81.

In world markets, the Nikkei was up 727.65 points to 28,546.98, the Hang Seng was up 93.19 points to 20,175.62, the FTSE was up 37.53 points to 7,626.27, and the DAX was up 101.34 points to 13,795.85.

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