Markets continued on the march on Friday as investors tried on the release of inflation data.
The S&P/TSX composite index was positive 85.49 points to open for business Friday at 14,432.24
The Canadian dollar slid 0.28 cents to 86.10 cents U.S.
BlackBerry said it had completed its acquisition of Secusmart, a privately held firm specializing in voice and data encryption. The company once known as Research In Motion also came out with quarterly results that failed to scintillate, and as a result, its stock plunged 90 cents, or 7.7% to $10.77
Barrick Gold said on Thursday that it would suspend operations at its Lumwana copper mine in Zambia following the passage of legislation that raises the royalty rate on open-pit mining operations in the country to 20% from 6%. Barrick gained 10 cents to $12.95.
BMO cut the target price on Canadian Pacific Railway to $250.00 from $260.00. CP shares went into reverse $3.12, or 1.4%, to $219.02.
On the economic sheet, inflation figures proved a mixed bag last month, Statistics Canada reporting that consumer prices rose 2.0% in the 12 months to November, following a 2.4% increase in October. On a monthly basis, CPI declined 0.2% in November, after rising 0.1% in October.
Retail sales were relatively unchanged in October, holding at $42.8 billion. Lower sales at motor vehicle and parts dealers and gasoline stations offset higher sales in most other sub-sectors. Gains were reported in six of 11 sub-sectors, representing 42% of retail trade.
ON BAYSTREET
The TSX Venture Exchange gained 5.60 points to 671.10
All but one of the 14 Toronto subgroups were higher, most notably gold, soaring 4.3%, consumer staples, better by 2.7%, and materials, 2.1% to the good.
The lone miscreant was telecoms, down 0.3%.
ON WALLSTREET
U.S. stocks rose on Friday, after the S&P 500's best two-day streak in three years.
The Dow Jones Industrials added 52.37 points to open at 17,830.52. Nike led blue-chip losses after the sporting-goods maker's future orders disappointed.
The S&P 500 gained 8.33 points to 2,069.56, with energy rising the most and telecommunications the sole laggard among its 10 main sectors.
The NASDAQ index tacked on 14.03 points to 4,762.43
BlackBerry fell after the wireless-device maker fell posted a larger-than-expected decline in quarterly revenue.
CarMax gained after the used-car seller reported a 16% gain in quarter revenue.
Prices for 10-year U.S. Treasuries gained, lowering yields to 2.19% from Thursday’s 2.20%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.34 per barrel to $55.45 U.S.
Gold prices hiked $2.50 an ounce at $1,197.30 U.S.
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