Despite closing in the red on Friday, the TSX ended the week 101 points higher than where it began on Monday, reaching an all-time high since then. Canada’s main stock index was pushed lower under a mostly broad decline across markets. The mining segment moved higher, as did utilities shares. The energy sector dropped on falling crude prices while the financial sector struggled following US Federal Reserve Chair Jerome Powell’s speech urging caution on interest-rate cuts.
In comparison, the Dow and S&P lost more than 2 per cent this week as Wall Street’s post-election rally officially fizzled out. The NASDAQ fell 3.5 per cent since Monday.
The Canadian dollar traded for 70.96 cents US compared to 71.11 cents US on Thursday.
US crude futures traded US$1.66 lower at US$67.04 a barrel, and the Brent contract lost US$1.44 to US$71.12 a barrel.
The price of gold was down US$6.52 to US$2,561.86.
In world markets, the Nikkei was up 107.21 points to 38,642.91, the Hang Seng was down 9.47 points to 19,426.34, the FTSE was down 7.58 points to 8,063.61, and the DAX was down 52.89 points to 19,210.81.
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(Top image generated with AI)