The TSX continued its slide through to the close on Friday, weighed down by the uncertainty surrounding Greece's debt situation.
The S&P/TSX composite index docked 89.41 points to close Friday at 14,808.09
The Canadian dollar regained 0.06 cents to 81.20 cents U.S.
All subgroups were negative on the day, particularly utilities, weighed most by Capital Power, which decreased in price 87 cents, or 3.9%, to $22.15, while Superior Plus ducked back 46 cents, or 3.4%, to $12.90.
Health-care stocks also suffered, most so, Valeant Pharmaceuticals International, sliding $5.77, or 2%, to $282.02.
Energy shares were also lacking, most notably Lightstream Resources, down six cents, or 5.6%, to $1.02, and Pacific Rubiales, trailing Thursday’s close by 27 cents, or 5.1%, to $5.06.
Royal Nickel was the most heavily traded stock, gaining 10 cents, or 33.3% to 40 cents, on 4.3 million shares.
Investors seemed to have brushed off robust economic data from the U.S. as they count down to the euro zone finance ministers' meeting on Saturday afternoon, where strategies will be discussed to help Greece avoid default. The meeting follows failed talks between Greece and its international creditors.
ON BAYSTREET
The TSX Venture Exchange moved lower 0.21 points to 679.84.
All 14 TSX subgroups pointed downward at the closing bell, with utilities sinking 2.2%, health-care less well by 1.3%, and energy 1.1% less energetic.
ON WALLSTREET
U.S. stocks closed mixed on Friday, posting a loss for the week, as investors digested earnings reports and awaited resolution on Greece.
The Dow Jones Industrials finished the day higher by 56.66 points to 17,947.02. Leading blue chips, Nike ended more than 4% higher at a record following a strong earnings report.
The S&P 500 index tilted lower by 0.91 points to 2,101.40, with information technology leading three sectors lower and utilities leading advancers.
The NASDAQ fell 31.67 points to 5,080.52. Micron plunged 18% to below its 52-week low on a weak earnings report.
The major averages ended the week lower by about 0.4% or more.
Canadian drug maker Valeant Pharmaceuticals International is interested in buying the animal health company Zoetis, according to a Wall Street Journal report. Shares of Zoetis plunged 12% on Friday.
Nike reported quarter profit of 98 cents U.S. per share, beating estimates by 15 cents, with revenue also above estimates. The athletic shoe and apparel maker was able to register higher prices and increased profit margins.
Micron Technology missed estimates by two cents with adjusted quarterly profit of 54 cents U.S. per share, with revenue also slightly below forecasts. Micron also gave a downbeat forecast for the current quarter, amid a continuing decline in computer chip prices.
In the United States, the only economic data out was the University of Michigan Consumer Sentiment, which posted a final read of 96.1 for June.
Greek Prime Minister Alexis Tsipras called an urgent cabinet meeting on Friday evening to discuss a bailout deal.
The country's finance minister, Yanis Varoufakis, said in a Reuters report that Saturday's meeting with the euro group of finance leaders will try to converge on a deal that includes debt and funding. He added that Greece has made concessions and that Athens rejects a five-month funding proposal from lenders.
Earlier, European Commission President Jean-Claude Juncker said in a Reuters report he was "quite optimistic but not over-optimistic" of a deal with Greece on a cash-for-reform deal at a crucial meeting of euro zone finance ministers on Saturday.
Prices for 10-year U.S. Treasuries faded, boosting yields to 2.47% from Thursday’s 2.40%. Treasury prices and yields move in opposite directions.
Oil prices fell nine cents a barrel to $59.61 U.S.
Gold prices regained $2.20 at $1,174 U.S. an ounce.
