A surge in commodity prices helped lift markets trading in Canada’s busiest centre on Friday to nearly reach an all-time high. While the energy and materials sectors grew, interest rate cut bets came under pressure because of tight labour market data in the United States on the last trading day before the Victoria Day long weekend in Canada.
Markets south of the border saw a flat ending after the major indices all scored fresh highs this past week.
The Canadian dollar traded for 73.47 cents U.S. compared with 73.43 cents U.S. on Thursday.
U.S. crude futures traded $0.81 higher at $80.04 a barrel, and the Brent contract rose $0.69 to $83.96 a barrel.
The price of gold was down US$38.58 to US$2,416.82.
In world markets, the Nikkei was down 132.88 points to 38,787.38, the Hang Seng was up 177.08 points to 19,553.61, the FTSE was down 12.71 points to 8,425.94, and the DAX was down 34.39 points to 18,704.42.
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