Riding a series of solid quarterly reports, the financial sector led the lift for overall markets in this country. The mining and utilities sectors helped support the overall gain for the TSX, which ended the week roughly 300 points higher than where it began.
American markets also moved higher on the day and week thanks to strong earnings from major banks as they aimed to overcome the slump that began in December and has dragged on into early this year. Tech stocks also rose, specifically those who benefit from the TikTok Supreme Court ban, with Meta (NASDAQ:META), Apple (NASDAQ:AAPL), and Oracle (NYSE:ORCL) all up around half a percentage point.
The Canadian dollar traded for 69.13 cents US compared to 69.45 cents US on Thursday.
US crude futures traded $0.63 lower at US$78.05 a barrel, and the Brent contract lost $0.49 to US$80.80 a barrel.
The price of gold was down US$17.89 to US$2,701.56.
In world markets, the Nikkei was down 121.14 points to 38,451.46, the Hang Seng was up 61.17 points to 19,584.06, the FTSE was up 113.32 points to 8,505.22, and the DAX was up 248.00 points to 20,903.39.
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(Top image generated with AI.)