After several straight sessions of gains, Canada’s main stock index moved backward on Friday. The energy sector was the lone sector to rise in a broad decline. SNC-Lavalin Group said that Quebec’s chief prosecutor had offered to negotiate a remediation agreement with the company in a case related to alleged fraud against the Canadian government from around 20 years ago.
It was an up and down day for US stock indexes, following a strong two-day rally, as worries persisted about the spillover from debt-ridden China Evergrande. Nike tumbled after cutting its sales forecast, while big banks and oil majors slipped.
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The Canadian dollar traded for 78.76 cents US compared with 78.99 cents US on Thursday.
Crude oil prices were up $0.66 to $73.96.
The price of gold was up 1.64 to $1,747.37.
In world markets, the Nikkei was up 609.41 points to 30,248.81, the Hang Seng was down 318.82 points to 24,192.16, the FTSE was down 26.87 points to 7,051.48, and the DAX was down 112.22 points to 15,531.75.
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