TSX Enjoys Gains to End Week
Canada''s main stock index opened higher on Friday as a recovery in crude and gold prices, and stronger-than-expected U.S. jobs growth data for August boosted investor sentiment. The TSX began the week’s last session up 144.9 points to 19,287.62. The Canadian dollar added 0.17 cents to 76.22 cents U.S. Markets throughout North America will be shuttered Monday for Labour Day. Gold stocks led the pack, for example, Barrick Gold rallied 49 cents, or 2.6%, to $19.64. Health-care stocks, though, were not so hale, as Canopy Growth wavered seven cents, or 1.5%, to $4.54. ON BAYSTREET The TSX Venture Exchange improved 3.16 points, or 1.8%, to 630.30 All but two of the 12 TSX subgroups were on the move upward, as gold soared 2.4%, materials grew 2%, and energy was better by 1.7%. The two laggards proved to be health-care, sagging 1.5%, and information technology, sliding 0.9%. ON WALLSTREET Stocks rose on Friday, cutting losses for the week, as August’s jobs report came in about as expected. The data eased fears that a hotter labor market would give the Federal Reserve leeway to get more aggressive with its rate hikes.
TSX Enjoys Gains to End Week
Canada''s main stock index opened higher on Friday as a recovery in crude and gold prices, and stronger-than-expected U.S. jobs growth data for August boosted investor sentiment. The TSX began the week’s last session up 144.9 points to 19,287.62. The Canadian dollar added 0.17 cents to 76.22 cents U.S. Markets throughout North America will be shuttered Monday for Labour Day. Gold stocks led the pack, for example, Barrick Gold rallied 49 cents, or 2.6%, to $19.64. Health-care stocks, though, were not so hale, as Canopy Growth wavered seven cents, or 1.5%, to $4.54. ON BAYSTREET The TSX Venture Exchange improved 3.16 points, or 1.8%, to 630.30 All but two of the 12 TSX subgroups were on the move upward, as gold soared 2.4%, materials grew 2%, and energy was better by 1.7%. The two laggards proved to be health-care, sagging 1.5%, and information technology, sliding 0.9%. ON WALLSTREET Stocks rose on Friday, cutting losses for the week, as August’s jobs report came in about as expected. The data eased fears that a hotter labor market would give the Federal Reserve leeway to get more aggressive with its rate hikes.