TSX Reports Slight Gains

COVID Deaths in China Raise Concern

Canada's commodity-heavy main stock index was muted on Friday, largely in line with its U.S. peers, as oil and gold prices slipped, while investors weighed the possibility of smaller interest rate hikes from the world's largest economy.

The TSX Composite gained 67.13 points to commence Friday at 20,411.20.

The Canadian dollar slid 0.21 cents to 74.75 cents U.S.

ON BAYSTREET

The TSX Venture Exchange stumbled 3.39 points to begin the week’s last session at 577.93.

Seven of the 12 subgroups were positive in Friday’s first hour, headed by industrials, up 0.9%, while utilities and energy each gathered 0.8%.

The five laggards were weighed most by information technology, down 0.8%, gold, duller by 0.6%, and materials, off 0.5%.

ON WALLSTREET

The Dow Jones Industrial Average rose Friday as Wall Street pushed for solid gains during the holiday-shortened trading week.

The 30-stock index hiked 126.95 points to begin Friday at 34,321.01

The S&P 500 nosed up 3.93 points to 4,031.19.

The NASDAQ fell 32.1 points to 11,253.22, weighed down by shares of Activision Blizzard, which fell nearly 4% on news that the FTC could block Microsoft from taking over the gaming company.

Worries about continued lockdowns in China kept markets in check. The country is ramping up COVID restrictions after seeing climbing case counts in recent days. Earlier in the week, China reported its first COVID deaths since May.

Wall Street looks set to close out an upbeat holiday-shortened week, after the Federal Reserve’s latest meeting minutes add

Markets were closed on Thursday for the Thanksgiving holiday and will close early (about 1 p.m. EST) on Friday.

Prices for the 10-year Treasury lost ground, raising yields to 3.73% from Wednesday’s 3.70%. Treasury prices and yields move in opposite directions.

Oil prices picked up 29 cents to $78.23 U.S. a barrel.

Gold prices grew $3.90 to $1,749.50 U.S. an ounce.