Canada, U.S. stock markets rise amid jobs reports from both countries
Mining shares lifted the TSX as stronger U.S. hiring data and solid corporate earnings kept North American markets near record levels.
- On Friday, the Toronto Stock Exchange gained over 200 points, rising 0.7 per cent as mining stocks surged and stronger-than-expected U.S. labor data lifted investor sentiment.
- While the United States added 115,000 jobs in April, Canada's economy shed 18,000 positions, Statistics Canada reported, highlighting divergent labor market strength between the two nations.
- Mining stocks led gains, with First Quantum Minerals, Capstone Copper, and Wesdome Gold Mines rising 5.3 per cent to 6.3 per cent, while Brent crude oil climbed 1.2 per cent to US$101.29.
- Despite renewed clashes in the Persian Gulf and attacks in the United Arab Emirates, President Donald Trump stated the ceasefire is holding, though Michael Dehal of Dehal Investment Partners noted investors remain cautiously optimistic.
- Ainsley Mackie, portfolio manager at Verecan Capital Management, noted markets are adapting to geopolitical uncertainty, stating, "The markets adapt even during periods of uncertainty," bolstered by strong corporate earnings.
11 Articles
11 Articles
The Toronto Star
Canada, U.S. stock markets rise amid jobs reports from both countries
TORONTO - Canada’s main stock index rose on Friday while U.S. markets drove further into record territory, as investors digested labour data on both sides of the border.
thealbertan.com
BIV NewsS&P/TSX composite rises more than 200 points, U.S. stock markets also higher
TORONTO — Canada's main stock index gained over 200 points, while U.S. markets also rose, on a day with fresh jobs data on both sides of the border. The S&P/TSX composite index was up 221.14 points at 34,077.76.
S&P/TSX composite up more than 200 points, U.S. stock markets also higher
TORONTO — Canada's main stock index was up more than 200 points in late-morning trading, helped by strength in the base metals sector, while U.S. stock markets also moved higher. The S&P/TSX composite index was up 222.74 points at 34,079.36.
@ the Bell: TSX springs back to life
Canada’s main stock index rebounded on Friday after an early sharp decline, lifted by gains in the mining sector. Investor sentiment improved on indications that the Middle East ceasefire was holding, along with confidence in the strength of the US economy following better-than-expected jobs data. The TSX finished the week in a better position than where it was on Monday. In Canada, the latest labour report showed minimal change in employment fo…
TSX Gains on Strong Earnings
TSX Surges to Near Three-Week High Despite Job Losses Toronto – Canada’s main stock index, the S&P/TSX Composite, climbed on Friday, boosted by positive corporate earnings reports and dampened expectations for interest rate hikes following weaker-than-anticipated jobs data. Key facts: TSX closed up 0.7% at 34,077.76, highest since April 20. The economy shed 17,700 jobs in April, pushing unemployment to 6.9%. Mining stocks led gains amid rising …
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