Canada’s TSX index continued its upward trend on Friday led by gains in technology, financial and consumer discretionary stocks, including Shopify (5.2%), BMO (4.7%) and BRP (6.9%).
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In the U.S., the Nasdaq and the S&P 500 closed at record highs supported by job data suggesting the need for a rate cut at the Federal Reserve’s next meeting on December 17.
The Canadian dollar traded for 70.74 cents U.S. compared to 71.24 cents U.S. on Thursday.
U.S. crude futures traded US$1.16 lower to US$67.14 per barrel, and the Brent contract fell by US$0.09 to US$71.03 per barrel.
The price of gold was up by US$6.30 to US$2,654.70 per ounce.
In world markets, the Nikkei was down by 304.43 points to 39,091.17, the Hang Seng was up by 305.41 points to 19,865.85, the FTSE was down by 40.77 points to 8,308.61, and the DAX was up by 25.81 points to 20,384.61.
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(Top image, generated by AI: Adobe Stock)