TORONTO — Canada’s main stock index posted a small gain Friday, while U.S. markets were mixed following a report on wholesale inflation and the start to fourth-quarter earnings season.
The S&P/TSX composite index closed up 71.82 points at 20,990.22.
In New York, the Dow Jones industrial average was down 118.04 points at 37,592.98. The S&P 500 index was up 3.59 points at 4,783.83, while the Nasdaq composite was up 2.58 points at 14,972.76.
This week, investors got mixed signals from a pair of inflation reports, said Allan Small, senior investment adviser at iA Private Wealth.
Thursday’s CPI report came in hotter than expected at 3.4 per cent.
“Whereas the CPI number has been stubbornly high, core CPI came down, which is good,” said Small.
A second report Friday showed that inflation at the wholesale level came in weaker than expected.
Producer prices have shown that inflation is coming down, said Small,…
