Toronto stocks closed Friday with minor gains after trading in the red for much of the day. The S&P/TSX composite index closed up 6.07 points, or 0.06%, at 10,678.65.
Volume was a heavy 308.7 million shares worth $5.2 billion.
The index fell as low as 10,577.00, earlier in the day.
Eight of the 10 TSX main groups advanced, with consumer staples climbing 1.49%.
Convenience store operator Aliment Couche-Tard was up 80¢, or 3.76%, at $22.05, while drugstore chain Jean Coutu Group was up 50¢, or 3.61%, at $14.35.
Tech issues climbed 1.01%, followed by health-care, stocks, which gained 0.62%. The influential financial sector rose 0.59%.
Countering the gains was a 1.61% fall by energy issues, which were dragged lower on profit-taking and by softer oil prices
Crude slipped more than $1 as mild weather at the start of the winter heating season buffered supplies, settling at $60.58 a barrel in New York.
In economic news, Statistics Canada reported the unemployment rate dropped to 6.6%, from 6.7% in September.
The junior S&P/TSX Venture composite index gained 15.15 points, or 0.75%, to end at 2,030.63.
In New York, a late rally gave Wall Street a modest advance Friday after a lackluster employment report left investors wondering about the pace of economic growth and inflation.
According to preliminary calculations, the Dow Jones industrial average rose 8.17, or 0.08%, to 10,530.76.
Broader stock indicators were also higher. The Standard & Poor’s 500 index was up 0.20, or 0.02%, at 1,220.14, and the Nasdaq composite index added 9.21, or 0.43%, to 2,169.43.
For the week, the Dow rose 1.23%, the S&P 500 climbed 1.81% and the Nasdaq jumped 3.81%.
The U.S. Labor Department said U.S. employers added 56,000 jobs last month, half the 100,000 increase projected by economists.
Toronto stocks end flat
U.S. markets end higher despite weaker than expected jobs report
- By: IE Staff
- November 4, 2005 November 4, 2005
- 16:55