Equities in Canada’s largest centre had the stage all to themselves Friday, but flopped badly, under the burden of resource losses.
The TSX Composite Index faded 111.92 points to close Friday at 34,857.34. On the week, the index dropped 80.5 points, or 0.2%.
The Canadian dollar eased 0.15 cents to 70.56 cents U.S.
Expectations of a peace deal and a gradual reopening of the Strait of Hormuz, a vital artery for global energy supplies, supported global risk appetite this week.
MDA Space rose $3.06, or 5.5%, to $58.67, after it agreed to buy U.S.-based Blue Canyon Technologies from RTX's Raytheon business for $620 million in cash.
Shares of Alamos Gold sank 97 cents, or 2.6% to $36.34 after the miner cut its production forecast for the second quarter. Eldorado Gold sank $1.94, or 4.2%, to $44.76.
Elsewhere, among materials, Capstone Mining slid 68 cents, or 4.4%, to $14.56, Franco-Nevada tumbled $6.21, or 2%, to $304.01.
In consumer staples, George Weston sank $1.97, or 1.9%, to $101.37, while Premium Brands handed over a dollar, or 1.2%, to $85.65.
Energy stocks tried to balance things out, with Parex Resources jumping $1.49, or 6.1%, to $26.15, while Terravest took on 48 cents, or 3.9%, to $12.66.
In tech issues, Dye & Durham latched onto 11 cents, or 6.5%, to $1.81, while CGI Inc. hiked $2.66, or 3%, to $89.32.
In consumer discretionary stocks, Linamar climbed $2.12, or 2.1%, to $102.46, while Restaurant Brands gained $1.59, or 1.5%, to $105.46.
Oil prices advanced 94 cents to $77/54 U.S. a barrel.
Gold prices tumbled $73.00 to $4,172.90 U.S an ounce.
On the economic calendar, retail sales increased 0.5% to $73.0 billion in April. Sales were up in five of nine subsectors, led by increases at gasoline stations and fuel vendors.
ON BAYSTREET
The TSX Venture Exchange lost 8.18 points Friday to 954.71. On the week, the index was down 4.5 points, or 0.47%.
The 12 TSX subgroups were divided, with materials down 2.4%, gold sliding 1.7%, and consumer staples, off 0.5%.
The half-dozen gainers were led by energy, up 1%, information technology, picking up 0.8%, and consumer discretionary stocks, ahead 0.3%.
ON WALLSTREET
U.S. markets were closed Friday for Juneteenth.
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