Equities in Canada’s largest centre joined in the general revelry Friday, enjoying triple-digit gains to end the week in positive territory.
The TSX climbed the elevator and gained 360.34 points, or 1.9%, to conclude Friday and the week at 19,773.34. Over a week shortened by Labour Day, the index jumped 502 points, or 2.6%.
The Canadian dollar spiked 0.33 cents to 76.76 cents U.S.
Health-care was signing the best tune on the day, with Bausch Health Companies flying 95 cents, or 10.9%, to $9.70, while Aurora Cannabis gaining 10 cents, or 5.1%, to $2.05.
In techs, HUT 8 Mining sprang up 37 cents, or 13.6%, to $3.10, while Shopify took on $3.27, or 7.8%, to $45.10.
Energy stocks also triumphed, with Headwater Exploration spreading its wings 42 cents, or 7.8%, to $5.82, while Secure Energy Systems tacked on 35 cents, or 6.6%,
A senior Bank of Canada official left the door open to another oversized interest rate increase, saying the central bank continues to see front-loading as the best way to battle the fastest rising prices in nearly four decades.
Statistics Canada informed investors Friday that the economy lost 40,000 (or 0.2%) in August, and the unemployment rate rose by 0.5 percentage points to 5.4%.
ON BAYSTREET
The TSX Venture Exchange added 8.43 points, or 1.3%, to 645.57, a jump on the week of 13.5 points, or 2.14%.
All 12 TSX subgroups were higher Friday, with health-care stocks better off by 4.6%%, information technology improving 3.2%, energy soaring 2.9%.
ON WALLSTREET
U.S. stocks rallied Friday as Wall Street capped off a strong weekly performance, recovering from a Federal Reserve-induced slump.
The Dow Jones Industrials sprang 377.19 points, or 1.2%, to conclude a short week at 32,151.71
The S&P 500 hiked 61.23 points, or 1.5%, to 4,067.41.
The NASDAQ Composite flew 250.18 points, or 2.1%, to 12,112.31
Shares of DocuSign surged more than 10% after the electronic agreements company reported an earnings beat. The company also issued a third-quarter revenue forecast that was above expectations.
All three major averages are on pace to snap a three-week losing streak. The Dow is up 2.8% on the week, while the S&500 is up 3.8% and the NASDAQ is 4.2% higher.
Treasury prices faded, raising yields to Thursday’s 3.32%. Treasury prices and yields move in opposite direction.
Oil prices gained $2.73 to $86.27 U.S. a barrel.
Gold prices recovered $6.60 to $1,726.80 U.S. an ounce.
