Baystreet.ca – Equities ended a rough week suffering the effects of a selloff, with investors shaking off employment numbers from both sides of the border.
The descended 270.67 points, or 1.2%, Friday to 22,717.61. On the week, the index was lower by 564 points, or 2.4%.
The pointed downward 0.04 cents at 73.73. cents U.S.
In corporate news, Japanese retail giant Seven & i Holdings rejected Canada’s convenience store operator Alimentation Couche-Tard’s $38.5 billion cash bid. Couche-Tard stock rose $1.50, or 2%, to $76.91. Elsewhere in consumer staples, North West Company (TSX:) gained $1.89, or 3.9%, to $50.89.
The communications sector was supported by a seven-cent rise in Quebecor (TSX:) to $33.69. TELUS (TSX:) latched onto 13 cents to $22.84.
Among individual stocks, Enghouse Systems (TSX:) stormed higher $1.74, or 6%, to $30.94 after the software and services company posted better-than-expected third-quarter results.
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