Canada's main stock index traded flat on Friday as technology stocks climbed while energy and materials shares retreated, with investors weighing ?potential diplomatic progress in the Middle East and corporate earnings.
The TSX Composite Index dropped 33.91 points, to reach noon at 33,930.42. On the week so far, the index has gained 26 points.
The Canadian dollar eked up 0.05 cents at 73.68 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 15 cents to $18.50.
?Magna International's first-quarter sales and adjusted ?profit beat estimates, helped by currency gains. The auto parts maker shed $3.97 midday Friday, or 4.6%, to $82.47.
Badger Infrastructure jumped $8.70, or 13.2% ?to the top of the main index at $74.40, after the non-destructive excavation firm's first-quarter revenue beat estimates on ?strong end-market demand and higher fleet utilization.
Imperial Oil fell $6.26, or 3.4%. to $175.50, 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 1.64 points, to 993.23. On the week so far, the exchanged has lost 14 points, or 1.5%.
The 12 TSX subgroups were evenly split between gainers and losers, as energy issues stepped back 1.5%, while gold lost 1.4%, and materials lost 1.3%.
The half-dozen gainers were led by information technology, barreling ahead 1.8%, utilities strengthened 0.6%, and consumer staples jumped 0.5%.
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 came off its highs of the morning, but still cleared breakeven 23.02 points to greet noon EDT at 49,675.16.
The much broader index reached up 46.64 points to 7,254.65.
The tech-driven NASDAQ powered ahead 280.81 points, or 1.1%, to 25,173.12.
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. 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.
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.
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 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 gained ground, lowering yields to 4.38% from Thursday’s 4.39%. Treasury prices and yields move in opposite directions.
Oil prices retreated $4.02 to $101.05 U.S. a barrel.
Gold prices recovered $25.50 to $4,655.10 U.S. an ounce.
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