Equities
Canada’s main stock index opened higher Friday and was on track for a weekly gain, helped by strength in materials stocks. On Wall Street, the S&P 500 and Nasdaq both also saw an early advance in the wake of the latest reading on inflationary pressures in the U.S. economy.
At 9:30 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 90.18 points, or 0.43%, at 20,855.91. The index was up 0.8 per cent heading into Friday’s session.
In the U.S., the Dow Jones Industrial Average fell 55.08 points, or 0.15 per cent, at the open to 37,349.27.
The S&P 500 opened higher by 7.17 points, or 0.15 per cent, at 4,753.92, while the Nasdaq Composite gained 42.31 points, or 0.28 per cent, to 15,006.18 at the opening bell. All three indexes were positive for the week ahead of Friday’s opening bell.
Ahead of the start of trading, Statistics Canada reported that Canada’s economy stalled again in October, with GDP…
