A day after a near 800-point drop, The TSX advanced on Friday, with investors assessing softer-than-expected US inflation data. Both Canadian and US markets will be closed Monday for Family Day and Presidents’ Day, respectively.
US markets were split after a soft performance in the prior session, as traders took stock of a key consumer inflation report that came in slightly lighter than expected. The Dow is below 50,000.
The Canadian dollar traded for 73.42 cents US compared to 73.45 cents US on Thursday.
US crude futures traded US$0.01 lower at US$62.83 a barrel, and the Brent contract rose US$0.12 to US$67.64 a barrel.
The price of gold was up US$105.96 to US$5,032.93.
In world markets, the Nikkei was down 697.87 points to ¥56,941.97, the Hang Seng was down 465.42 points to HK$26,567.12, the FTSE was up 43.91 points to ₤10,446.35, and the DAX was up 62.19 points to €24,914.88.
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