Equities remained strong at the close Friday in Canada’s financial hub, on resource and real estate strength.
The TSX Composite index rebounded 196.74 points to close Friday at 20257.95.
The Canadian dollar hiked 0.51 cents to 80.30 cents U.S.
Resource stocks showed strength, with Endeavour Silver sprouting 29 cents, or 4.16%, to $7.26.
Among discretionary stocks, Martinrea International rose 27 cents, or 2.17%, to $12.70.
In financials, Home Capital Group gained 1.20 cents, or 3.28%, to $37.75.
Utilities slid a bit, though, with Fortis losing 28 cents to $55.61.
Statistics Canada reported employment rose by 231,000 (or 1.2%) in June, following a cumulative decline of 275,000 over the previous two months.
ON BAYSTREET
The TSX Venture Exchange recovered 16.17 points to 938.47.
All but one of the 12 TSX subgroups gained ground during the session, with materials higher by 1.59%, while gold and real estate stocks both rose 1.29%.
On the downside -- utility issues shed 0.21%
ON WALLSTREET
All three major indexes hit record closes on Friday, staging a comback from the previous session’s losses over concerns of a slowdown in global economic growth.
The Dow Jones Industrial Average rose 448.23 points, or 1.3%, to a record close of 34,870.16. The S&P 500 bounced by about 1.1%, closing at an all-time high of 4,369.55. The technology-heavy Nasdaq Composite rose just shy of 1% to close at a record of 14,701.92.
The S&P 500 earned its sixth week of gains in seven.
For the week, the Dow industrials ticked up 0.2% and the S&P 500 and the Nasdaq each added 0.4%.
The stocks that led the losses on Thursday, reopening plays and banks, notched gains on Friday. Bank of America jumped about 3.3%, leading a bounce in financial shares. Royal Caribbean popped 3.6% and Wynn Resorts gained close to 2%. American Airlines and United Airlines both gained more than 2%.
The small cap benchmark Russell 2000 rallied more than 2% on Friday.
Biden on Friday signed an executive order directing regulatory agencies to more closely investigate industry mergers and tech companies’ use of consumer data.
Prices for 10-Year Treasurys sagged, raising yields to 1.35% from Thursday’s 1.29%. Treasury prices and yields move in opposite directions.
Oil prices jumped $1.48 to $74.42 U.S. a barrel.
Gold prices brightened $9.60 to $1,809.90 U.S. an ounce.
Related Stories
