TORONTO - The Toronto Stock Exchange rose Friday for the fourth straight day and managed a weekly gain for the first time in three weeks.
At the close, the S&P/TSX composite index was up 62 points, or 0.6 per cent, to 11,243. Materials was the leading sector, as gold prices continued to rise.
For the week, the TSX benchmark was up about three per cent.
On Friday, employment reports for both Canada and the United States came in worse than expected. Canada lost 43,200 jobs last month, while the U.S. shed 190,000 positions.
As well, major Canadian companies such as Suncor Energy Inc. and Air Canada failed to meet analysts' expectations with their third-quarter results.
On the New York Mercantile Exchange, gold was up $6.40 to $1,095.70 US an ounce. Crude oil was down $2.19 to $77.43 US a barrel.
The Canadian dollar was down 85 basis points to 92.98 cents US late Friday afternoon.
U.S. markets fluctuated between gains and losses over the course of the day.
By closing time, the Dow Jones industrial average was up 18 points, or 0.2 per cent, to 10,024. The Nasdaq composite index was ahead seven points, or 0.3 per cent, to 2,112.
TSX rises for fourth straight day
- Published on November 7th, 2009
- Published on Febuary 25th, 2010
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CanWest News Service
The Toronto Stock Exchange rose Friday for the fourth straight day and managed a weekly gain for the first time in three weeks.
At the close, the S&P/TSX composite index was up 62 points, or 0.6 per cent, to 11,243. Materials was the leading sector, as gold prices continued to rise.
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