Canada’s main stock index rose on Friday, with industrial and technology stocks leading the TSX to a new record high. Investors have been gaining confidence in the economy and reacquainting themselves with risk-on sentiment following the U.S. election earlier this month.
The S&P 500 and the Dow Jones Industrial closed on new record highs during the shortened Black Friday session thanks to a boost from technology stocks and retailers like Target, Macy’s, Amazon and Apple set to benefit from the upcoming holiday season.
The Canadian dollar traded for 71.39 cents U.S. compared to 71.29 cents U.S. on Thursday.
U.S. crude futures traded US$0.57 lower to US$68.15 per barrel, and the Brent contract rose US$0.25 to US$72.09 per barrel.
The price of gold was up US$9.10 to US$2,673.90.
In world markets, the Nikkei was down by 141.03 points to 38,208.03, the Hang Seng was up by 56.65 points to 19,423.61, the FTSE was up by 6.08 points to 8,287.30, and the DAX was up by 200.72 points to 19,626.45.
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(Top image, generated by AI: Adobe Stock)