Equities in Canada’s largest market bounced back on Friday and successfully broke their five-day losing streak, driven by gains in health-care shares.
The S&P/TSX Composite Index gained 97.16 points to close Friday and a short week at 15,414.29
The Canadian dollar nicked lower 0.03 cents to 76.71 cents U.S.
Shares of Aurora Cannabis rose $1.04, or 8.2%, to $13.66, while peer cannabis producer Canopy Growth gained $3.46, or 5.7%, to $64.75.
Shopify Inc, which rose $5.48, or 3.3%, to $172.20, was among big gainers in the tech sector, as well as BlackBerry, up eight cents to $12.48.
In the industrial sector. Element Fleet Management, which rose 14 cents, or 1.7%, to $8.25, after at least two brokerages upgraded the stock.
Bombardier climbed 20 cents, or 5.2%, to $4.02.
Gold stocks missed out on all the positive vibes Friday, as New Gold, was down five cents, or 4.2%, to $1.03. Barrick Gold dipped 19 cents, or 1.2%, to $16.25.
Precious metals miner Tahoe Resources fell seven cents, or 1.7%, to $3.82, while Agnico Eagle Mines lost a penny to $48.70.
ON BAYSTREET
The TSX Venture Exchange recovered 7.14 points to 698.60
All but two of the 12 subgroups remained positive on the day Friday, led by health-care, sprinting 4.1%, while information technology sparked 2%, and industrials, were better by 1.4%
Only gold, sliding 0.9%, and materials, off 0.3%, missed the party.
ON WALLSTREET
The Dow Jones Industrial Average rose in volatile trade Friday as stocks regained their footing following a steep selloff this week.
The 30-stock index recovered 287.16 points, or 1.2%, to finish the week at 25,339.99
On Thursday, Wall Street closed sharply down, with the Dow falling over 540 points, bringing its two-day losses to more than 1,300 points.
The S&P 500 advanced 38.76 points, or 1.4%, to 2,767.13
The NASDAQ thundered higher 167.83 points, or 2.3%, to 7,496.89
The Dow and S&P 500 were both down nearly 5% this week while the NASDAQ tumbled 4.6%.
Gains in tech shares like Netflix and Amazon initially led the major indexes to sharp gains. Netflix gained 4.3%, while Amazon climbed 2.6%.
Wells Fargo and Citigroup both reported better-than-expected earnings, along with J.P. Morgan Chase, to kick off the third quarter earnings season. Expectations for this earnings season are high. Analysts expected S&P 500 earnings to grow by 19%.
Prices for the benchmark for the 10-year U.S. Treasury lost some ground, raising yields to 3.16% from Thursday’s 3.15%. Treasury prices and yields move in opposite directions.
Oil prices regained 56 cents at $71.53 U.S. a barrel.
Gold prices dropped six dollars to $1,221.60 U.S. an ounce.
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