Canada’s main stock index nudged higher in Friday trading, as the tide rose across all sectors.
It has been a thin post-holiday trading session south of the 49th parallel, but US stocks climbed back into positive territory as investors assess valuations with pandemic still raging strongly elsewhere in the country and across Europe. The S&P 500 has been seeing a November rally and added 11% to its total, while trading was 23% below the 30-day average. Rising tensions among OPEC+ members saw oil prices continue to decline.
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The Canadian dollar traded for 77.06 cents US compared with 76.85 cents US on Thursday.
Crude oil prices were down $0.19 to $45.52.
The price of gold was down $20.95 to $1,788.56.
In world markets, the Nikkei was up 107.83 points to 26,644.71, the Hang Seng was up 75.44 points to 26,894.68, the FTSE was up 4.065 points to 6,367.58, and the DAX was up 49.29 points to 13,335.68.
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