Toronto stocks moved up Friday, after a drop in the previous session, on renewed strength in gold and oil prices.
The S&P/TSX composite index gained 22.28, or 0.18%, to 12,209.97.
Six of the 10 TSX main sub-groups were down, but the key materials index was up 2.31%.
Gold for June delivery shot up $18.20, or 2.9%, at US$654.50.
Eldorado Gold Corp. lifted 16¢, or 2.82%, to $5.84.
The energy index gained 0.42%.
Crude for June delivery closed up 91¢, or 1.3%, at US$71.88.
EnCana Corp. lost $1.12, or 1.96%, to $55.88.
Financial stocks lost 0.92%. TD Bank gave up 94¢, or 1.48%, to $62.45.
The Canadian dollar continued to gain ground on Friday as it rose 0.41 of a cent to US89.45¢ — its highest level since June 1978 against the U.S. dollar.
The S&P/TSX Venture Exchange index gained $51.20, or 1.68%, to 3,103.07.
In New York, markets were mixed on strong economic data and negative corporate news.
The Dow Jones Industrial Average closed down 15.37 points at 11,367.14, the Nasdaq Composite Index fell 22.38 points to 2,322.57, and the S&P 500 Index rose 0.89 point to 1,310.61.
The Dow rose 2.3% for the month of April, the Nasdaq booked a monthly loss of about 0.7%, and the S&P 500 advanced 1.2%.
TSX closes week on a high note
Canadian dollar hits highest trading level in 28 years
- By: Rudy Mezzetta
- May 1, 2006 May 1, 2006
- 07:00