Weighed by energy shares after oil prices slumped with a fresh surge in COVID-19 cases in Europe, Canadian stocks fell to one-week low on Friday, under threat of a slow economic recovery. Canada has authorized the use of Pfizer’s COVID-19 vaccine for children aged 5 to 11. Statistics Canada data said that after doing better than expected in September, retail trade is set to rise in October 2021. The tech and utilities markets moved higher.
US stocks were mixed, as growing concerns over COVID-19 lockdowns in Europe raised fears about new restrictions beyond the continent. Both the Dow and the S&P 500 fell, but the NASDAQ composite added 0.2%, bolstered by rallying technology shares. The NASDAQ has been supported by a jump in stocks associated with the “work-from-home” trade.
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The Canadian dollar traded for 79.12 cents US compared with 79.27 cents US on Thursday.
Crude oil prices were down $3.18 to $75.83.
The price of gold was down 2.70 to $1,856.84.
In world markets, the Nikkei was up 147.21 points to 29,745.87, the Hang Seng was down 269.75 points to 25,049.97, the FTSE was down 32.39 points to 7,223.57, and the DAX was down 61.76 points to 16,159.97.
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