Toronto stocks finished off a strong week by running its win streak higher.
The S&P/TSX Composite jumped 91.12 points to finish the day and the week at 14,939.04
The Canadian dollar plummeted 0.55 cents to 75.04 cents U.S.
Bombardier Inc fell two cents, or 1.1%, to $1.76. The plane and train maker will shed jobs for the second time this year, cutting about 10% of its global workforce over two years as it deepens turnaround efforts at its rail division.
Among energy issues, Tourmaline Oil rocketed $2.34, or 6.3%, to $38.73, and Suncor Energy climbed 42 cents, or 1.1%, to $39.19.
Materials also jumped as Teck Resources hiked 42 cents, or 1.6%, to $27.31, and Potash Corporation of Saskatchewan gained 46 cents, or 2.2%, to $21.89.
The lone naysayer was in consumer staples, weighed by Loblaw, down $1.08, or 1.6%, to $66.03, and Metro dipped 16 cents to $41.87.
On the economic beat, Statistics Canada reported its Consumer Price Index rose 1.3% on a year-over-year basis in September, following a 1.1% increase in August.
The agency went on to say that, on a seasonally-adjusted monthly basis, CPI was up 0.2% in September, after decreasing 0.1% in August.
Moreover, retail sales edged down 0.1% to $44.0 billion in August. StatsCan reported that lower sales at motor vehicle and parts dealers, and general merchandise stores were the main contributors to the decline. Excluding these two sub-sectors, retail sales were up 0.2%
ON BAYSTREET
The TSX Venture Exchange nudged higher 4.59 points to 790.57
All but one of the 12 TSX subgroups were higher Friday, as energy hiked 1%, materials headed up 0.9%, while industrials strengthened 0.5%.
The lone holdout was in consumer staples, down 0.2%.
ON WALLSTREET
Stocks closed mostly flat on Friday amid a strong dollar and as earnings season continued.
The Dow Jones Industrials came off its lows, but still trailed Thursday’s close by 16.64 points to end the week at 18,145.71, with Verizon leading decliners and Microsoft the top advancer.
The S&P 500 dropped 0.18 points to 2,141.16, with telecommunications leading eight sectors lower and consumer discretionary the biggest riser.
The NASDAQ composite index regained 15.57 points to 5,257.40
For the week, the three major indexes notched slight gains.
Consumer discretionary stocks were led by Time Warner, which rose more than 7% amid reports the firm has engaged in talks for a deal to be bought out by AT&T, which dragged the telecommunications sector lower.
In corporate news, Dow component General Electric reported mixed results Friday before the open, beating estimates on earnings but missing on revenues. GE also narrowed its 2016 earnings per share guidance.
Meanwhile, Microsoft, another Dow component, posted better-than-expected results across the board on Thursday.
In all, 80% of the 116 S&P components that had reported as of Friday morning had beaten Wall Street's earnings estimates, while 65% had beaten revenue estimates.
Prices for the 10-year Treasury gained ground, dropping yields 1.74% from Thursday’s 1.75%. Treasury prices and yields move in opposite directions.
Oil prices up 27 cents at $50.90 U.S. a barrel
Gold prices squeezed higher 30 cents to $1,267.80 U.S. an ounce.
