After a series of sessions in the red, Canada’s main stock index closed out Friday trading in the green as commodity prices nudged higher. Health care was the lone decliner.
Traders on both sides of the border are hopeful of a deal concerning the US debt limit. It has been reported that the White House and speaker Kevin McCarthy are close to reaching an agreement that would raise the debt ceiling for two years.
The Canadian dollar traded for 73.45 cents US, compared to 73.33 cents US on Thursday.
US crude futures traded $1.00 higher at $72.83 a barrel, and the Brent contract added $0.85 to $77.11 a barrel.
The price of gold was up US$5.36 to US$ 1,945.99.
In world markets, the Nikkei was up 115.18 points to 30,916.31, the Hang Seng remained at 18,746.92, the FTSE was up 65.62 points to 7,636.49, and the DAX was up 195.89 points to 15,989.69.
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