Equities in Canada’s largest centre nudged higher on Friday boosted by tech stocks. Shares among industrials and telecom companies also moved higher while the mining and utilities sectors closed lower on the TSX.
Investors evaluated a largely-in-line December inflation reading from the United States to assess the Federal Reserve’s interest rate trajectory. U.S. markets were mixed as traders weighed a series of mostly disappointing quarterly reports, including one that sent chipmaker Intel Corp. down nearly 12 per cent. The Dow Jones Industrial Average peaked at 38,215.31 in intraday trading.
The Canadian dollar traded for 74.36 cents compared to 74.22 cents U.S. on Thursday.
U.S. crude futures traded $0.64 higher at $78.00 a barrel, and the Brent contract added $1.18 to $83.61 a barrel.
The price of gold was down US$1.62 to US$2,019.02.
In world markets, the Nikkei was down 485.40 points to 35,751.07, the Hang Seng was down 259.73 points to 15,952.23, the FTSE was up 109.06 points 7,638.79, and the DAX was up 44.66 points to 16,951.58.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.