TSX Win Streak in Peril

Enbridge, Air Canada in Focus

Stocks in Canada’s largest centre fell for the first day in nine on Friday, pulling back from a fresh record high the day before, pressured by losses for heavyweight financial and energy groups.

The S&P/TSX Composite dumped 56.23 points to open Friday at 15,807.94

The Canadian dollar fell 0.09 cents to 76.39 cents U.S.

Stock markets in Toronto are closed Monday for Family Day.

Enbridge Inc reported a 3.4% fall in fourth-quarter profit, hurt by charges, including for asset impairment and restructuring.

Enbridge shares retreated 65 cents, or 1.2%, to $54.78.

Air Canada reported a bigger quarterly loss as the airline cut fares to fill seats in long-haul leisure markets.

Air Canada dropped 66 cents, or 4.6%, to $13.74.

CIBC raised the target price on Bombardier to $2.75 from $2.50. Bombardier gained three cents, or 1.2%, to $2.53.

CIBC raised the target price on Constellation Software to $620.00 from $610.00. Constellation shares galloped $11.06, or 1.8%, to $623.06.

RBC cut the target price on Sun Life Financial to $51.00 from $53.00. Sun Life shares dumped 24 cents to $49.70.

On the economic ledger, Statistics Canada reported that foreigners acquired $10.2 billion worth of Canadian securities during December, largely through acquisition of shares. At the same time, Canadian investors increased their holdings of foreign securities by $6.7 billion, led by purchases of non-U.S. foreign shares.

ON BAYSTREET

The TSX Venture Exchange improved 4.41 points to 847.73

The 12 subgroups were evenly divided, as utilities, information technology and consumer discretionaries each progressed 0.3%.

The half-dozen laggards were weighed most by energy, down 0.7%, financials, sliding 0.5%, and consumer staples, off 0.4%.

ON WALLSTREET

U.S. equities traded lower on Friday as a record-setting rally slowed down, while investors kept an eye on France's presidential election.

The Dow Jones Industrials stumbled 53.58 points off Thursday’s all-time high to 20,566.19, with UnitedHealth and Goldman Sachs contributing the most losses.

The S&P 500 dropped 3.95 points to 2,343.27, with financials lagging.

The NASDAQ poked ahead 3.57 points to 5,818.46

The only major economic data released Friday are leading indicators, which rose 0.6% in January.

Overseas, according to recent polls, Marine Le Pen — France's far-right, anti-European Union candidate — is the favourite to win the first round of voting, scheduled for April. However, it is not clear whether she will win the run-off vote in May.

Prices for the benchmark 10-year Treasury note gained ground, lowering yields to 2.42% from Thursday’s 2.45%. Treasury prices and yields move in opposite directions.

Oil prices fell 12 cents to $53.24 U.S. a barrel

Gold prices added $1.30 to $1,242.90 U.S. an ounce.