Markets in Toronto slid to end Friday, mostly on weakening energy prices.
The TSX moved in minus territory 62.28 points by the end of Friday to 16,438.75, a loss on the four-day week of 124 points. The markets were shuttered Monday for Thanksgiving.
The Canadian dollar recovered 0.23 cents to 75.82 cents U.S.
The session was particularly rough on energy stocks, as Cenovus Energy ditched 27 cents, or 5.3%, to $4.80, while Suncor lost 40 cents, or 2.5%, to $15.65.
In health-care, cannabis shares took their knocks, as Aurora Cannabis jettisoned 35 cents, or 6.2%, to $5.34, while Aphria doffed 23 cents, or 3.6%, to $6.13.
In gold stocks, Eldorado Gold sifted off 86 cents, or 4.6%, to $17.84, and Alamos Gold shed 48 cents, or 4.1%, to $11.22.
Utilities pulled ahead of the previous session, with Northland Power advancing $1.19, or 2.7%, to $44.77. Meanwhile, Brookfield Infrastructure Partners units garnered 92 cents, or 1.5%, to $62.06.
In the industrial sector, CAE moved up the ladder 41 cents, or 2%, to $21.23, while SNC Lavalin added 38 cents, or 1.8%, to $21.86.
In financials, Home Capital Group gained 70 cents, or 3.1%, to $23.29, while Genworth MIC picked up 82 cents, or 2.4%, to $34.56.
On the economic slate, Statistics Canada revealed non-resident investors acquired $15.5 billion of Canadian securities in August, largely purchases of debt securities.
At the same time, Canadian investors increased their holdings of foreign securities by $5.7 billion, led by acquisitions of U.S. shares.
Manufacturing sales fell 2.0% to $52.4 billion in August, following three consecutive months of strong increases.
ON BAYSTREET
The TSX Venture Exchange dropped 2.07 points to 725.31, for a loss on the week of nearly seven points.
All but three of the 12 TSX subgroups were lower Friday, with energy docking 1.8%, health-care sliding 1.4%, and gold dulling in price 1.3%.
The three gainers were utilities, up 0.9%, industrials, ahead 0.2%, and financials, nicking higher 0.1%.
ON WALLSTREET
The Dow Jones Industrial Average rose on Friday for its first daily gain in four sessions after the release of strong U.S. consumer data to end a volatile week.
The 30-stock index popped 112.11 points to end the day and the week at 28,606.31. The gain on the week was more than 19 points.
The S&P 500 inched ahead 0.47 points to 3,483.81, cutting its weekly gain to just more than 6.5 points.
The NASDAQ said goodbye to daily gains and fell 42.31 points to 11,671.55, still holding onto weekly gains of 91 points.
The major averages were broadly higher for most of the session. However, they gave up most of their gains in the final hour of trading as Big Tech shares sold off.
Boeing shares led the Dow higher, rising 1.9% after Europe’s aviation regulator said Boeing’s 737 Max jet is safe to fly again.
Meanwhile, Pfizer jumped 3.8% after the company said it would apply for emergency use of its coronavirus vaccine as soon as it reaches certain safety milestones that it expects to have in late November.
Meanwhile, Amazon shares dipped 1.9% amid concerns over the sales from company’s Prime Day event.
Health care and utilities were the best-performing sector in the S&P 500, jumping nearly more than 1% each.
Lawmakers in Washington continued to send mix signals about progress toward a stimulus deal. Treasury Secretary Steven Mnuchin said Thursday that the White House won’t let differences over funding targets for Covid-19 testing derail stimulus talks with top Democrats.
Later, President Donald Trump said that he would raise his offer for a stimulus package above his current level of $1.8 trillion. House Democrats have passed a $2.2-trillion bill.
Figures released Friday by the U.S. Commerce Department revealed that retail sales jumped 1.9% in September, easily topping a Dow Jones estimate of 0.7%. Excluding autos, sales were up 1.5%. That’s also better than a 0.4% estimate.
Prices for the 10-Year Treasury lost ground, lifting yields to 0.75% from Thursday’s 0.73%. Treasury prices and yields move in opposite directions.
Oil prices were down 22 cents at $40.74 U.S. a barrel.
Gold prices gave up $6.10 to $1,902.80
