After several sessions in the red, Canada’s main stock index rose on Friday as investors evaluated U.S. employment data. While industrials and financials led gains on the TSX, a decline among energy and utilities shares capped growth.
U.S. markets started November positively, with major technology stocks gaining ground. Traders overlooked a disappointing jobs report, which revealed the economy added only 12,000 jobs in October, significantly below the Dow Jones estimate of 100,000. This was the lowest job creation rate since December 2020.
The Canadian dollar traded for 71.66 cents U.S. compared with 71.83 cents U.S. on Thursday.
U.S. crude futures traded $0.28 higher at $69.54 a barrel, and the Brent contract rose $0.33 to $73.14 a barrel.
The price of gold was down US$8.08 to US$2,734.77.
In world markets, the Nikkei was down 1,027.58 points to 38,053.67, the Hang Seng was up 189.10 points to 20,506.43, the FTSE was up 81.64 points to 8,191.74, and the DAX was up 177.43 points to 19,254.97.
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(Top image generated with AI)