Stocks Down on Last Day of Week

Futures tracking Canada's main stock index fell on Friday, as U.S.-Iran negotiations aimed at ending the Middle East conflict were called off, fueling fresh uncertainty at the end of a choppy week.

The TSX Composite Index declined 155.85 points to end Thursday at 34,969.26

June futures dropped 0.4% Friday.

The Canadian dollar inched down 0.04 cents to 70.67 cents U.S.

Expectations of a peace deal and a gradual reopening of the Strait of Hormuz, a vital artery for global energy supplies, supported global risk appetite this week.

Gold stocks were in the picture, particularly, Kinross Gold, which closed Thursday down 90 cents, or 2.3%, to $37.70, while OceanaGold slid $1.59, or 4.1%, to $37.36.

Across the Pacific, the Nikkei 225 index in Japan soared 0.3%. Markets in Hong Kong were closed for holiday.

Oil prices advanced 54 cents to $77.14 U.S. a barrel.

Gold prices tumbled $69.90 to $4,176 U.S an ounce.

On the economic calendar, elsewhere, retail sales increased 0.5% to $73.0 billion in April. Sales were up in five of nine subsectors, led by increases at gasoline stations and fuel vendors.

ON BAYSTREET

The TSX Venture Exchange lost 4.23 points Thursday to 962.89.

ON WALLSTREET

U.S. markets were closed Friday for Juneteenth.

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