Despite a market split, Canada’s main stock index saw its second strong performance in as many days on Friday. This followed the previous session’s rally that pushed the TSX to a 22-month high. Weakness among energy, telecom and healthcare shares weighed on the index while oil and gas transporter Pembina Pipeline reported a higher Q4 profit per share than the previous year. Japanese markets were closed for Emperor Naruhito’s 64th birthday.
Some U.S. markets ended flat after the S&P 500 and the NASDAQ scored their best day since early 2023, though the Dow Jones Industrial Average clocked in a new all-time intraday high of 39,282.28. All three major averages had winning weeks: The Dow had a 1.09 per cent advance, while the NASDAQ gained 0.69 per cent and the S&P 500 was up 1.42 per cent for the period.
The Canadian dollar traded for 74.05 cents compared to 74.08 cents U.S. on Thursday.
U.S. crude futures traded $2.05 lower at $76.56 a barrel, and the Brent contract lost $1.99 to $81.68 a barrel.
The price of gold was up US$10.70 to US$2,035.67.
In world markets, the Nikkei remained at 39,098.68, the Hang Seng was down 17.09 points to 16,725.86, the FTSE was up 21.79 points to 7,706.28, and the DAX was up 48.88 points to 17,419.33.
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