Market Summary:
Canada’s main stock index ended slightly lower on Friday as retailers pulled back on investor fears about a threat posed to their business by Amazon’s Whole Foods Markets acquisition, a day after the index hit a three-week high.
The most influential gainers included Toronto-Dominion Bank, which extended gains from Thursday after reporting strong quarterly results.
Groceries retailers, under pressure after Amazon cut prices on some items at its just-acquired Whole Foods Market chain, also lost ground.
Gold miners weighed with
Barrick Gold Corp. (
TSX: T.ABX,
Stock Forum) falling 0.4% to $22.40 and
Agnico Eagle Mines (
TSX: AEM;
NYSE: AEM) lost 1.1 per cent to $63.32.
Gold rose to the highest in nearly 10 months on Friday after U.S. job growth slowed more than expected in August. But gains were pared when investors judged that the figures were unlikely to change the outlook for U.S. interest rates.
From a Reuters report published by
the Globe and Mail
Market Quotes:
The S&P/TSX Composite Index closed down 20.27 points to 15,191, 60 while the TSX Venture Exchange was up 1.60 points to 778.45.
The Canadian dollar climbed $0.0051 to 81 cents.
Crude oil prices eased $0.01 to $47.22.
The price of gold rose $3.17 to $1,324.45
In U.S. markets; the Dow was up 39.46 points to 21,987.56, the S&P 500 gained 4.90 points to 2,476,55, and the NASDAQ advanced 6.67 points to 6,453,33.
In world markets: the Nikkei rose 45.23 to 19,691.47 and the Hang Seng eased 17.14 to 27,953.16. The FTSE advanced 7.88 points to 7,438.50 and the DAX added 86.80 to 12,142.64.