The TSX ended the week on a sour note, dropping 1.2 per cent Friday as the telecom, energy and utilities sectors were hit hardest after Bank of Canada Governor Tiff Macklem said it’s too early to discuss the possibility of lowering interest rates. Industrials, financials, technology and healthcare were also down, but miners remained as a bright spot.
Results for the major averages in the United States were better, however, as they marked the seventh consecutive week of gains. The Dow Jones Industrial Average and the Nasdaq kept rolling, and the S&P 500 was down only slightly.
The Canadian dollar traded for 74.78 cents U.S. compared to 74.59 cents U.S. on Thursday.
U.S. crude futures traded $0.04 higher at $71.62 a barrel, and the Brent contract added $0.14 to $76.75 a barrel.
The price of gold was down US$11.90 to US$2,033.00.
In world markets, the Nikkei was up 284.30 points to 32,970.55, the Hang Seng was up 390.00 points to 16,792.19, the FTSE was down 72.62 points to 7,576.36, and the DAX was down 0.79 points to 16,751.44.
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