Equities in Canada just didn’t have the oomph to carry them over the breakeven point Friday, unable to overcome weakness in gold or energy concerns.
The TSX Composite Index dropped 73.15 points to close Friday at 33,891.18. On the week, the index settled 12.93 points, or 0.4%.
The Canadian dollar sank 0.05 cents at 73.58 cents U.S.
Air Canada ?suspended its 2026 forecast, as higher jet fuel prices due to the war in Iran created uncertainty over costs, even as travel demand remained robust.
Shares in “The Maple Leaf airline” dipped 40 cents, or 2%, to $18.25.
?Magna International's first-quarter sales and adjusted ?profit beat estimates, helped by currency gains. The auto parts maker shed $3.75 to end Friday, or 4.3%, to $82.70.
Badger Infrastructure jumped $12.66, or 19.3% ?to the top of the main index at $78.36, after the non-destructive excavation firm's first-quarter revenue beat estimates on ?strong end-market demand and higher fleet utilization.
Imperial Oil fell $7.36, or 4%. to $174.60, after the oil producer posted a fall in first-quarter profit, hurt by lower refinery throughput.
On the economic slate, the S&P Global Canada Manufacturing PMI rose to 53.3 in April 2026 from 50.0 in March, marking the strongest improvement in business conditions since June 2022.
ON BAYSTREET
The TSX Venture Exchange tailed off 0.4 points, to 994.44. On the week, the exchanged lost 16.6 points, or 1.6%.
The 12 TSX subgroups were evenly split between gainers and losers, as gold and energy each slid 1.1%, while materials dipped 0.8%.
The half-dozen gainers were led by information technology, barreling ahead 2.6%, utilities strengthened 0.9%, and consumer staples progressed 0.3%.
ON WALLSTREET
The S&P 500 rose to a fresh all-time intraday high on Friday, boosted by Apple shares, while oil prices fell as a new month of trading got
underway.
The Dow Jones Industrials index stumbled 152.87 points to finish Friday at 49,499.27.
The much broader index reached up 21.11 points to 7,230.12.
The tech-driven NASDAQ powered ahead 222.13 points to 25,114.44.
Shares of Apple climbed more than 3% after the consumer tech giant posted a fiscal second-quarter earnings and revenue beat. Not only that, the company’s revenue outlook for the current quarter was better than expected, overshadowing the fact that iPhone revenue fell short of estimates for the second time in three quarters.
On the flip side, oil prices fell after Iran reportedly sent its response through Pakistani mediators to the latest U.S. amendments to a draft agreement to end the Middle East conflict.
President Donald Trump revealed later Friday he is displeased with a new peace offer from Iran, saying that the country “wants to make a deal, but I’m not satisfied with it.”
Oil prices were off their lows of the day following that development. U.S. West Texas Intermediate crude futures fell 3% to trade above $101 a barrel. International benchmark Brent crude futures slid 2% to above $108 a barrel.
The moves come after a record-setting trading session, with the S&P 500 closing above the 7,200 threshold for the first time ever. That helped both the S&P 500 and NASDAQ — which also notched a new record closing high — secure their strongest monthly performances since
2020. The Dow, meanwhile, saw its strongest monthly performance since November 2024.
U.S. West Texas Intermediate crude futures fell about 3% to trade around $102 a barrel. International benchmark Brent crude futures slid 1% to above $108 a barrel.
The moves come after a record-setting trading session, with the S&P 500 closing above the 7,200-point threshold for the first time ever. That helped both the S&P 500 and NASDAQ — which also notched a new record closing high — secure their strongest monthly performances since 2020. The Dow, meanwhile, saw its strongest monthly performance since November 2024.
Prices for the 10-year Treasury lost ground, raising yields back to Thursday’s 4.39%. Treasury prices and yields move in opposite directions.
Oil prices retreated $3.12 to $101.95 U.S. a barrel.
Gold prices sank $4.50 to $4,625.10 U.S. an ounce.
