American investors sold off in the equity market Friday, after the U.S. Department of Commerce released new numbers showing the rate of inflation is outpacing predictions. The three major American indexes closed the week out in the red.
Canadian markets fared slightly better. The TSX Composite closed up slightly, while the S&P/TSX Global Mining Index was up over a full percent and the Canadian Energy Index fell.
Today in the Markets
The Canadian dollar traded at 72.38 cents U.S. on Friday.
American crude futures traded 2.02 per cent lower to $79.59 a barrel, while the Brent contract lost 02.26 per cent to $85.21 a barrel.
The price of gold was up US$0.52 to US$1,661.07.
In world markets, the Nikkei was down 484.84 points to 25,937.21, the Hang Seng was up 56.96 points to 17,222.83 the FTSE 100 was up 12.22 points to 6,893.81, and the DAX was up 138.81 points to 12,114.36.DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
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