Canada’s main stock index jumped on Friday, managing to recoup some losses from the week. Many investors seem to brush off the impact of Middle East tensions as Iran downplayed the reported latest Israeli attack. The energy and utilities sectors led the gainers while mining and tech saw the brunt of losses.
The S&P 500 fell for a sixth consecutive session, its longest streak in the red in more than a year. The NASDAQ saw its fourth negative week in a row, its longest downward spiral since December 2022.
The Canadian dollar traded for 72.72 cents compared with 72.63 cents U.S. on Thursday.
U.S. crude futures traded $0.49 higher at $83.22 a barrel, and the Brent contract added $0.09 to $87.20 a barrel.
The price of gold was up US$7.86 to US$2,387.91.
In world markets, the Nikkei was down 1,011.35 points to 37,068.35, the Hang Seng was down 161.73 points to 16,224.14, the FTSE was up 18.80 points to 7,895.85, and the DAX was down 100.04 points to 17,737.36.
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