TSX ends up 0.4% at 25,357.74
For the week, the index advances 1.3%
Materials sector rises 2.8% as gold rallies
Air Canada jumps 14.6% after earnings report
(Updates at market close)
May 9 (Reuters) – Canada’s main stock index added to its weekly gain on Friday, led by energy and metal mining shares, as hopes that trade tensions could ease offset evidence that tariff-related uncertainty is already weighing on domestic activity.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 103.68 points, or 0.4%, at 25,357.74, its highest closing level since February 28. For the week, the index advanced 1.3, its fifth straight weekly gain.
“The TSX is proving to be quite resilient,” said Elvis Picardo, a portfolio manager at Luft Financial, iA Private Wealth.
“Investors are still factoring in the best case scenario, hoping that the trade war blows over and if things get much worse then the Bank of Canada comes to the rescue…
