Canada’s main stock market, the resources heavy Toronto Stock Exchange, quickly overcame Thursday’s blip that had seen it lose 140 points, and get back to winning ways on Friday — after a hat trick of successive up days to start the week had taken it to within 120 points of all time highs. The TSX had to settle for a most modest gain of 20 points today, having been up nearer to 60 points with just an hour of trading left.
Still, Friday’s gains were achieved despite lower commodity prices. There appears to be plenty of positive market sentiment for equities out there. More sectors were higher, led by Base Metals up near 2.5%. Heavyweight sectors Financials and Energy recorded small losses.
Of commodities today, gold prices fell for a second day as the dollar continues to push higher after a day-prior report added to pessimism interest-rate cuts are on the way. Gold for April delivery closed down $6.00 to settle at US$2,161.50 per…
