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Stocks End Negative Week in Red

Health-care Weighs Heavily on TSX

It was a negative week, ending on a day with the major indices pointed downward, mostly due to weakness in health-care concerns

The TSX Composite Index fell 44.35 points to end Friday at 16,954.84

The Canadian dollar slumped 0.08 cents to 75.22 cents U.S.

Hexo dropped 53 cents, or 15.6%, the most on the TSX, to $2.86,

while Aurora Cannabis shed 54 cents, or 13%, to $3.60.

Among energy firms, Crescent Point Energy dipped 14 cents, or 2.7%, to $5.01, while Tourmaline Oil let go of 23 cents, or 1.8%, to $12.89.

In golds, Detour Gold fell 36 cents, or 1.6%, to $22.23, while Kirkland Lake Gold dropped $1.20, or 1.9%, to $63.41.

Real-estate stocks tried to balance things out, as FirstService Corporation gained $2.33, or 1.9%, to $124.25, while Dream Office REIT gained 35 cents, or 1.8%, to $29.94.

Utilities were in the green, too, as Brookfield Renewable Partners units took on 60 cents, or 1%, to $60.87, while Hydro One shares added 12 cents to $24.90.

Tech firms forged their way positive, too, as BlackBerry hiked 36 cents, or 5.1%, to $7.46, while Sierra Wireless climbed 46 cents, or 4%, to $11.90.

On matters economic, Statistics Canada says retail sales ended their win streak at three months, edging down 0.1% to $51.6 billion in September.

The agency went on to say the decline came from lower sales at motor vehicle and parts dealers and gasoline stations. Excluding these two sub-sectors, retail sales rose 0.7%.

ON BAYSTREET

The TSX Venture Exchange poked ahead 0.99 points to 530.02

Eight of the 12 Toronto subgroups were lower, as health-care took a dive of 4.1%, while energy and gold each ditched 0.6%.

The four gainers were led by real-estate, up 0.4%, while utilities crept up 0.3%, and information technology struggled to a gain of 0.2%.

ON WALLSTREET

Stocks rose slightly on Friday, but posted their first weekly decline in over a month amid lingering worries around U.S.-China trade talks.

The Dow Jones Industrials added 88.36 points to 27,854.65.

The S&P 500 eked up 6.75 points to 3,110.29.

The NASDAQ picked up 13.67 points to 8,519.88.

To be sure, investors took some profits off the table this week. For the week, the S&P 500 lost about 0.3% and snapped a six-week winning streak. The Dow declined 0.5% and had for its first one-week pullback in five. The NASDAQ ended a seven-week winning streak, dropping 0.3%.

In corporate news, Nordstrom rallied more than 10% on better-than-expected earnings. The stock was also the best performer in the S&P 500. Intuit slid more than 4% and was among the broad index’s worst-performing stocks on the back of disappointing earnings guidance.

On the data front, consumer sentiment for November came in better than expected. The index rose to 96.8 from 95.5 in October. IHS Markit’s gauges for the U.S. services and manufacturing sectors also rose.

U.S. President Donald Trump told Fox News both sides were "very close" to reaching a trade agreement, adding: "We have a very good chance to make the deal."

His comments came after Chinese President Xi Jinping said Friday that Beijing wants to work for a trade deal with the U.S. but is not afraid to "fight back." Xi also told a visiting U.S. business delegation that China holds a "positive attitude" toward the trade talks.

On the data front, consumer sentiment for November came in better than expected. The index rose to 96.8 from 95.5 in October. IHS Markit’s gauges for the U.S. services and manufacturing sectors also rose.

Prices for the 10-Year U.S. Treasury fell slightly, raising yields back to Thursday’s 1.77%. Treasury prices and yields move in opposite directions.

Oil prices removed 58 cents to $58.00 U.S. a barrel.

Gold prices dipped $1.30 to $1,462.30 U.S. an ounce.