Canada’s main stock index fell on Friday, logging its fourth consecutive week of losses. Only the tech and industrials markets scored any gains on the TSX in this otherwise broad decline among indices. Concerns abound over the U.S. Federal Reserve’s position to continue to keep interest rates elevated.
After a fresh record close for the S&P 500 and Nasdaq, U.S. markets were split as investors weighed a report that said wholesale inflation unexpectedly notched 0.2 per cent lower last month.
The Canadian dollar traded for 72.81 cents U.S. compared with 72.77 cents U.S. on Thursday.
U.S. crude futures traded $0.05 lower at $78.57 a barrel, and the Brent contract also lost $0.05 to $82.70 a barrel.
The price of gold was up US$29.35 to US$2,331.53.
In world markets, the Nikkei was up 94.09 points to 38,814.56, the Hang Seng was down 170.85 points to 17,941.78, the FTSE was down 16.81 points to 8,146.86, and the DAX was down 263.66 points to 18,002.02.
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