Canada’s main stock index inched up on Friday, lifted by positive corporate updates. The only drag on the TSX was a drop in the energy sector while mining led gains.
U.S. markets rose sharply Friday after the latest jobs report, which showed 175,000 jobs were gained in April, below the 240,000 jobs expected by economists. This supported hopes that the Federal Reserve could start cutting interest rates soon.
The Canadian dollar traded for 73.09 cents compared with 73.11 cents U.S. on Thursday.
U.S. crude futures traded $0.83 lower at $78.12 a barrel, but the Brent contract lost $0.74 to $82.92 a barrel.
The price of gold was down US$1.87 to US$2,301.99.
In world markets, the Nikkei remained at 38,236.07, the Hang Seng was up 268.79 points to 18,475.92, the FTSE was up 41.34 points to 8,213.49, and the DAX was up 105.10 points to 18,001.60.
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