TSX ends up 0.3% as financial shares rally; week down 0.02%
Canadian 10-year yield eased to 3.923% after touching 4.011%, highest since October 2023.
(Updates at market close) By Fergal Smith TORONTO, Sept 25 (Reuters) — Canada's main stock index ended higher on Friday, led by gains for financial shares, as domestic bond yields pulled back from multi-year highs. 89, a day after posting its lowest closing level in eight days. 02%. "Rising bond yields are a headwind for the market because it suggests there's expectations of higher interest rates and rate hikes," said Colin Cieszynski, chief market strategist at SIA Wealth Management.
"So the decline in bond yields is short-term, at least, positive," Cieszynski said. 011% during Thursday's session. 5% in August from July. 1%, helped by gains for major banks.
National Bank of Canada announced plans to buy back up to 10 million shares. 4% higher. 2%. S.
41 a barrel on mounting hopes for a truce between the US and Iran. 7%. com; +1 647 480 7446)