TORONTO — Canada’s main stock index posted another day of steady gains Friday as strength in base metals outweighed weakness in energy and industrial stocks, while U.S. markets also rose.
Equities ended the week on a good note as more earnings rolled in south of the border and Canadian investors braced for another interest rate cut, said Adelaide Chiu, portfolio manager, vice-president and head of responsible investing at NEI Investments.
“I think that’s all very positive for the markets today,” she said.
In New York, the Dow Jones and the S&P 500 both set new all-time highs on Friday. It was the sixth straight winning week for the S&P 500, its longest streak so far this year.
The Dow Jones industrial average was up 36.86 points at 43,275.91. The S&P 500 index was up 23.20 points at 5,864.67, while the Nasdaq composite was up 115.94 points at 18,489.55.
The S&P/TSX composite index gained 132.06 points at 24,822.54.
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