TSX Slips as Oil Rises
The S&P/TSX Composite Index fell 0.2% to close at 35,807 on Friday as oil prices moved higher, with supply concerns persisting. Canadian bond yields edged higher amid persistent energy-driven inflation concerns, raising borrowing costs and pressuring equities. Financials closed mixed, with Fairfax Financial losing 2.6% and RBC edging 0.2% lower, while TD Bank rose 0.6%. Miners posted losses after closing sharply higher on Thursday, despite higher gold prices. Agnico Eagle lost 1.1%, Barrick shed 1.5%, and WPM fell 1%. Technology stocks were mixed, with Shopify down 0.4% amid weakness in US hyperscalers, while Celestica rose 0.7% and Constellation Software added 0.5% amid strength in Wall Street chipmakers. The S&P/TSX Composite Index gained 0.4% on the week.
2% to close at 35,807 on Friday as oil prices moved higher, with supply concerns persisting. Canadian bond yields edged higher amid persistent energy-driven inflation concerns, raising borrowing costs and pressuring equities. 6%. Miners posted losses after closing sharply higher on Thursday, despite higher gold prices.
5%, and WPM fell 1%. 5% amid strength in Wall Street chipmakers. 4% on the week.