Canada's main stock index faded Friday as gains in shares of health-care companies were not enough to offset losses in the heavyweight gold index.
The S&P/TSX Composite Index slipped 17.96 points to 16,043.54.
The Canadian dollar shed 0.16 cents at 77.11 cents U.S.
The biggest boost to the index was in shares of Suncor Energy, up 84 cents, or 1.63%, to $52.48, after it filed a mixed shelf offering.
In the financials sector - shares of Bank of Nova Scotia fell $1.28, or 1.64%, to $76.96 dragging the financials sector lower after news that it would buy doctors' wealth services firm MD Financial Management.
The largest percentage gainers on the TSX were Laurentian Bank, which jumped $1.29, or 2.85%, to $46.49, after reporting second-quarter results.
Shares of Cott Corp, which rose 53 cents, or 2.59%, to $20.96, were the second biggest advancer on the TSX.
Detour Gold fell 25 cents, or 2.44%, to $10.00, the most on the TSX while the second biggest decliner was New Gold Inc down 9 cents, or 2.99%, to $2.92.
On the economic beat, Markit's seasonally-adjusted manufacturing Purchasing Managers Index data came in for May at 56.2, up from 55.5 in April, pointing to the strongest overall improvement in business conditions since April 2011.
In Italy, anti-establishment parties revived coalition plans on Thursday, while in Spain Socialist Pedro Sanchez took over as prime minister on Friday, after outgoing leader Mariano Rajoy lost a confidence vote.
Canada decided to impose retaliatory tariffs on $16.6 billion worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization, Foreign Minister Chrystia Freeland said on Thursday.
ON BAYSTREET
The TSX Venture was ahead 2.84 points to 765.94.
Seven of the 12 TSX subgroups were higher on Friday, as health-care stocks gained 0.82%, metals gathered 0.58% and tech issues improved 0.57%.
On the downside gold stocks shed 0.56%, energy issues dipped 0.34% and financial stocks slid 0.29%.
ON WALLSTREET
A stronger-than-expected jobs report pushed stocks higher on Friday as Wall Street recovered some of the losses seen in the previous session.
The Dow Jones Industrial Average rose 219.37 points, or 0.9%, to close at 24,635.21, recouping a large chunk of Thursday’s losses. The blue-chip index ended the week 0.5% lower, however.
Leading the Dow higher were Intel Corp., DowDuPont Inc. and Microsoft Corp.
The S&P 500 rose 29.35 points, or 1.1%, to finish at 2,734.62 and booked a 0.5% weekly gain.
The Nasdaq Composite Index rose 112.21 points, or 1.5%, to 7,554.33, ending the week 1.6% higher. The tech-heavy index is about 1% away from its intraday high set on May 13.
Shares of Lululemon Athletica Inc. jumped 17%. The apparel retailer late Thursday reported forecast-beating earnings and issued better-than-expected guidance.
Friday's gains come as stocks fell Thursday after Trump slapped tariffs on the European Union, Mexico and Canada. The E.U. followed up the U.S. announcement by saying it would impose countermeasures of its own, while Canada’s Foreign Minister Chrystia Freeland said the country plans to slap dollar-for-dollar tariffs on the U.S.
The U.S. economy added 223,000 jobs in May, while economists expected a gain of 188,000. Average hourly earnings, meanwhile, rose 0.3% last month while the unemployment rate ticked down to 3.8%.
The yield on the benchmark 10-year U.S. Treasury note moved 6 basis points higher to 2.889%, rebounding after logging a 11.2 basis points decline for the month of May. Treasury prices and yields move in opposite directions.
Oil prices dipped $1.38 at $65.66 U.S. a barrel.
Gold prices faded $7.10 to $1,297.60 U.S. an ounce.
