Health stocks lead parade
WEEKLY MARKET WRAP UP
The S&P/TSX composite index shot up 77.88 points to wind up the day and week at 15,196.31.
The Canadian dollar slipped
Health-care stocks proved the strongest performers, with Valeant Pharmaceuticals spiking
The energy sector advanced, as
August copper was unchanged at
Financials declined as TD Bank slid
The TSX gold sector shed early gains as bullion prices dipped. Barrick Gold hurtled skyward
It has also been a heavy week for Canadian corporate earnings, which have been generally positive.
On Friday, auto parts giant Magna International Inc. says net income rose to
Sales increased 6% to a record
Engineering consulting and construction firm SNC-Lavalin posted a quarterly profit of
On the economic slate, Statistics Canada reported that overall employment was unchanged in July, as gains in part-time work were offset by losses in full-time. The agency also said a decline in the number of folks searching for work pushed the unemployment rate down 0.1 percentage points to 7.0%.
All but four of the 14 Toronto subgroups were positive, health-care most so, 2.3%, while consumer discretionary issues hiked 2.1%, and energy stocks rocketed 1.7%.
The four laggards were weighed by consumer staples, down 0.7%, while financials and telecoms staggered 0.3% each.
Despite a raft of geopolitical uncertainty, U.S. stocks were moving markedly higher at the end of a volatile week.
The Dow Jones Industrials zoomed 185.66 points, or 1.1%, to 16,553.93
The S&P 500 gained 22.02 points to 1,931.59. The NASDAQ composite got its mojo back and jumped 35.93 points to 4,370.90. All three indexes ended the week up.
Shares for yoga clothier Lululemon Athletica jumped after founder
Tekmira Pharmaceuticals said Thursday that the
Zynga shares sank after the maker of games for social media applications reported a loss for its second quarter. Tesla was down slightly despite resolving a trademark dispute that threatened its growth in
Sotheby's is among the key companies reporting second quarter earnings before the opening bell. The auction house has been under pressure from
The mood on
U.S. jet fighters have targeted Sunni Islamic extremists in
Meanwhile, the Israeli military said it carried out strikes on militant targets in
Prices for 10-year U.S. Treasuries lost ground, raising yields back to Thursday's 2.42%. Treasury prices and yields move in opposite directions.
Oil prices gained
Gold prices inched up