Mar 15, 2019 (Baystreet.ca via COMTEX) —
Equities in Canada’s largest market showed strength right to the end of Friday’s session, stepping onto the shoulders of health-care and financial issues.
The S&P/TSX Composite Index gained 52.37 points to conclude Friday and the week at 16,139.92
The Canadian dollar subtracted 0.15 cents at 74.90 cents U.S.
Health-care stocks proved to be the stars, with Aurora Cannabis spiking 86 cents, or 7.2%, to $12.78, while Canopy Growth climbed 31 cents to $60.90.
Financials also shared in the booty, as Royal Bank of Canada prospered 92 cents to $103.56, while Toronto-Dominion surged 44 cents to $75.47.
Communications stocks also enjoyed success, BCE clicking 58 cents, or 1%, higher to $58.89, while Shaw Communications took on 12 cents to $27.70.
Energy stocks struck a sour note, as Canadian Natural Resources faded 42 cents, or 1.1%, to $36.99, while Imperial Oil docked 41 cents, or 1.1%, to $36.35.
On the economic front, Statistics Canada said manufacturing sales increased 1.0% to $57.1 billion in January, following three consecutive monthly decreases.
Higher sales in the food as well as the electrical equipment, appliance and component industries were the main contributors to the gains in January.
Elsewhere, statistics released today by the Canadian Real Estate Association show national home sales plummeted 9.1% month-over-month in February. Actual (not seasonally-adjusted) activity was down 4.4% year-over-year.
The TSX Venture Exchange gained 4.7 points to conclude the week at 627.77
All but one of the 12 TSX subgroups gained Friday, with health-care climbing 1.9%, financials up 0.8%, and communications stronger by 0.5%.
Only energy was negative, trailing yesterday’s close by 0.5%.
Stocks posted strong weekly gains as investors cheered renewed optimism on the U.S.-China trade front on Friday.
The Dow Jones Industrial Average rocketed 139.07 points 25,849.01, as