It’s beginning to look a lot like a Santa Claus Rally.
Major North American markets finished in positive territory for the week, bringing plenty of good cheer before the holidays. The TSX had another strong day Friday as battery metals and healthcare powered Canada’s main stock index to a 0.56 per cent gain with telecom as the only major sector in the red.
South of the border, the major U.S. indices completed their eighth consecutive week of gains even though the Dow Jones Industrial Average was down a little Friday. Records for the Dow and the S&P 500 will have to wait, but those two and the NASDAQ were lifted in party by the U.S. Federal Reserve’s Personal Consumption Expenditures price index revealing some good news on inflation.
The Canadian dollar traded for 75.40 cents U.S. compared to 75.29 cents U.S. on Thursday.
U.S. crude futures traded $0.32 lower at…
