All-Time Peak for TSX

Canopy, Genworth Lead Way Upward

(CORRECTS GAIN BY TSX)

Equity markets in Toronto posted an all-time high closing Friday, as health-care and financials powered the main index upward.

The S&P/TSX Composite came off its highs of the day, but still gained 39.14 points to conclude Friday and the week at an all-time closing high of 16,682.42, a gain on the last five sessions of 147 points, or 0.89%.

The Canadian dollar was down 0.4 at 75.30 cents U.S.

In health-care, Canopy Growth towered over yesterday’s close by $1.34, or 3.8%, to $26.41, while HEXO Corp. zoomed 14 cents, or 2.5%, to $5.65

Financials were also in the money, as Genworth MI Canada sprinted $1.83, or 3.6%, to $52.75, while ECN Capital gathered 12 cents, or 2.7%, to $4.63.

Energy gushed, as ARC Resources rocketed 42 cents, or 6.5%, to $6.91, while Nuvista Energy jumped 11 cents, or 5.1%, to $2.28.

Tech stocks went down the staircase, as Shopify was trounced $21.76, or 4.6%, to $449.34, while Enghouse Systems fell back 23 cents to $38.98.

In gold, Eldorado Gold gave back 39 cents, or 3.4%, to $11.04. Detour Gold got bruised 79 cents, or 3.9%, to $19.84

In communications, BCE dipped 71 cents, or 1.1%, to $63.60, while Cogeco Communications moved lower $1.02, or 1%, to $105.76.

ON BAYSTREET

The TSX Venture Exchange was unchanged at 589.16, providing for a weekly gain of 0.65 points, or a mere 0.1%.

The 12 Toronto subgroups were split right down the middle, as health-care gained 1%, while financials acquired 0.9%, and energy rumbled ahead 0.5%.

The half-dozen laggards were weighed down most by information technology, erasing 1.4%, gold faltering 1.1%, and communications, off 0.4%.

ON WALLSTREET

The Dow Jones Industrial Average rose on Friday, posting its first eight-day winning streak in more than a year, amid improving sentiment around U.S.-China trade relations.

The 30-stock index gained 37.07 points to 27,219.52, ahead 422 points, or 1.58% on the week.

The S&P 500 was lower 2.18 points to 3,007.39 – but up more than 28 points, or 0.96% on the week.

The NASDAQ Composite dipped 17.75 points to 8,176.71, but managed a gain of more than 73 points, or 0.9%, on the week.

The Dow was looking to surpass an intraday record high of 27,398.68. Through Thursday’s close, the Dow was just 0.8% below that level. The S&P 500 was also within striking distance of its all-time high of 3,027.98.

Trade bellwethers Caterpillar gained 1.5%, and Boeing rose 1.1%. Those gains were slightly offset by a 1.9% drop in Apple. The tech giant’s stock fell after an analyst at Goldman Sachs cut his price target on Apple to $165 per share from $187.

Bank stocks got a boost from the higher rates. Bank of America climbed nearly 9% week to date while Citigroup and J.P. Morgan Chase both gained more than 6%. The three banks also rose more than 1.5% each on Friday.

On the data front, consumer sentiment for September topped expectations as consumers felt better about the economy. However, worries over the trade war increased.

Market focus is largely attuned to global trade developments, as the world’s two largest economies continued to prepare for talks in early October aimed at breaking their trade war impasse.

The New York Times reported Friday that China will exempt some U.S. agricultural products, including soybeans and pork, from additional tariffs.

Prices for the benchmark 10-year U.S. Treasury swooned, raising yields to 1.91% from Thursday’s 1.79%. Treasury prices and yields move in opposite directions

Oil prices fell 16 cents to $54.93 U.S. a barrel.

Gold prices moved lower $12.40 to $1,495.00 U.S. an ounce.