The S&P/TSX composite index gained 69.85 points to greet noon at 14,979.48
The Canadian dollar fell
Shares of energy producers gained as Suncor Energy jumped 1.7% to
Financials, gained with
The materials sector, which includes mining stocks, slipped with Goldcorp giving back 0.7% to
In corporate news, sources told Reuters that Talisman Energy was reviewing its Asian oil and gas portfolio, valued at about
Meanwhile, voters in
On the economic slate, Statistics Canada reported that manufacturing sales edged down 0.1% in April to
Eight of the 14 Toronto subgroups were higher, with energy stocks up 1.6%, industrials up 1%, and global base metals advancing 0.7%.
The half-dozen laggards were weighed mostly by gold stocks, down 1%, materials, down 0.5%, and health-care, less hale by 0.4%.
Markets continued to be feisty Friday. From
The Dow Jones Industrials gained 32.59 points to 16,766.78
The S&P 500 gained 4.61 points to 1,934.72, and the NASDAQ composite index remained positive 11.31 points to 4,308.94.
Priceline on Friday said it was buying restaurant reservations site OpenTable for
Other internet stocks catering to local businesses soared on the news as well, including Yelp, Groupon, and Grubhub
Moreover, Intel powered forward by almost 7% after the company announced a more positive outlook for the second quarter. Business PC purchases are picking up, according to Intel. Rival Hewlett-Packard also got a nice boost.
Investors were also keeping an eye on DreamWorks, which releases the second installment of its widely popular "How to Train Your Dragon" saga over the weekend.
The independent media company is hoping a good box office showing for that film will make up for the less-than-stellar performance of its "
Concerns about increasing instability in
Oil prices were last this high in
And a key measure of inflation, the Producer Price Index, fell unexpectedly into negative territory Friday, raising concerns about slower growth in the U.S.
Prices for 10-year U.S. Treasuries dropped, raising yields to 2.61% from Thursday's 2.59%. Treasury prices and yields move in opposite directions
Oil prices pushed up
Gold prices gained
Most Popular Stories
- National Retail Federation Reduces Sales Forecast
- Hispanic Leader Goes the Extra Mile
- Xavier Gutierrez Appointed to Bank Board
- Ted Cruz: Why Did FAA Ban Flights to Israel?
- Honda' s Accord Plug-in Hybrid Is a Fuel Miser
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges
- Stop-Start Engines Save Gas, Reduce Emissions
- Risks of Layoffs Becoming Rarer in U.S.
- Long-term Strengths Emerge in U.S. Economy
- Weekly Jobless Claims Drop to Lowest Level in 8 Years