Toronto stocks were set for their fifth straight weekly decline as mining shares fell on Friday, while investors assessed the latest batch of domestic and U.S. economic data for more clues on the Bank of Canada’s interest-rate trajectory.
The TSX Composite Index dropped 39.81 points to move toward noon EDT Friday at 21,541.54.
The Canadian dollar weakened 0.16 cents to 72.92 cents U.S.
Food and beverage company Lassonde Industries rose 1.6% following an agreement to acquire U.S.-based specialty food manufacturer Zidian Group for $235 million. Lassonde shares climbed $1.86, or 1.3%, to $142.00.
On the economic docket, retail trade in this country increased 0.7% to $66.8 billion in April. The Industrial Product Price Index was unchanged month over month in May and rose 1.8% on a yearly basis. The Raw Materials Price Index declined 1.0% month…
