Advances in energy stocks propelled the TSX forward to end a turbulent week, though drops in price for gold and information technology put a lid on gains.
The S&P/TSX Composite Index hung onto 50.12 points worth of gains to close the day and the week at 15,473.21.
The Canadian dollar climbed 0.25 cents to 74.27 cents U.S.
Gold stocks proved the biggest weight on the market as Kinross Gold fell 19 cents, or 3.1%, to $5.82, while Barrick Gold ducked lower 49 cents, or 2.2%, to $21.96.
Tech stocks got cuffed around, too, as BlackBerry lost 26 cents, or 1.7%, to $14.83, while Constellation Software plummeted $10.23, or 1.5%, to $695.40.
Consumer staples toppled, as Loblaw Companies docked 80 cents, or 1%, to $76.03, while rival Metro deducted 59 cents, or 1.3%, to $44.33.
Energy stocks climbed as Encana Corp advanced 61 cents, or 5.1%, to $12.65fter the oil and gas producer said it would sell its Piceance natural gas assets in northwestern Colorado to privately held Caerus Oil and Gas LLC for $735 million.
Cenovus Energy reinforced the energy sector’s dominance, leaping 53 cents, or 5%, to $11.16.
Financials perked, as Royal Bank of Canada rose $1.29, or 1.4%, to $95.26, Toronto-Dominion Bank advanced 63 cents, or nearly 1%, to $65.69
Alternative lender Home Capital Group jumped 91 cents, or 8.4%, to $11.80 after a media report that it has attracted private equity bids.
But Hudson's Bay Co slumped 99 cents, or 10.3%, to $8.63, after the department store chain detailed a major restructuring plan that will cut 2,000 jobs after it reported a loss that was wider than expected and bigger than the previous quarter's.
On the economic ledger, Statistics Canada reported that the economy created 55,000 jobs in May, but noticing an increase of 0.1 percentage points in the unemployment rate to 6.6%, the result of more people participating in the labour market.
ON BAYSTREET
The TSX Venture Exchange dipped 0.11 points to 791.20
Eight of the 12 TSX subgroups were lower on the day, as gold tumbled 1.8%, information technology hesitated 1.5%, and consumer staples dipped 1.1%.
The four gainers were led by energy, up 1.9%, financials, up 1%, and real-estate, up 0.1%
ON WALLSTREET
U.S. stocks closed mixed on Friday on pressure from this year's best-performing sector: technology.
The Dow Jones Industrials was stronger 89.44 points – though off its highs of the day -- to close the week at 21,271.97, notching a record close with Goldman Sachs contributing the most gains.
The S&P 500 subtracted 2.2 points to 2,431.77, with information technology falling 2.5%. To be sure, tech has had a stellar year, rising about 20% in the period to lead all sectors.
The NASDAQ dropped 113.85 points, or 1.8%, to 6,207.92, having hit record highs early in the session. Shares of Apple, Facebook, Amazon, Netflix and Google-parent Alphabet all fell more than 3%.
Momentum names like Priceline and Tesla also took a hit.
On the economic front, wholesale inventories dipped 0.5% in April, versus estimates for a 0.2% gain.
Investors also remained undeterred by former Federal Bureau of Investigation Director James Comey's testimony on Thursday, which some saw as lacking a "smoking gun" that could derail Donald Trump's presidency.
U.K. Prime Minster Theresa May's Conservative party lost its parliamentary majority in the process, coming up with 318 of 650 seats. Conservatives had held a 17-seat majority before the contest.
Some pollsters expected May's party to retain the majority while others expected them to build on it. Even so, no other party came out with a clear majority.
Prices for the benchmark 10-year Treasury note were lower, raising yields to 2.21% from Thursday’s 2.20%. Treasury prices and yields move in opposite directions.
Oil prices were higher 21 cents to $45.85 U.S. a barrel
Gold prices slid $9.80 at $1,269.70 U.S. an ounce.
