TORONTO — Losses in industrial stocks weighed on the Toronto market as Canada’s main stock index finished lower on Friday, while U.S. stock markets were mixed amid a quieter trading day.
Steve Locke, chief investment officer for fixed income and multi-asset strategies at Mackenzie Investments, said trading on Friday was “muted” compared to what has taken place in previous weeks.
“When you look across fixed income and equities today, it certainly doesn’t stand out as a more volatile day, probably less than average recently,” he said.
The S&P/TSX composite index was down 72.92 points at 27,314.01.
In New York, the Dow Jones industrial average was down 142.30 points at 44,342.19. The S&P 500 index was down 0.57 points at 6,296.79, while the Nasdaq composite was up 10.01 points at 20,895.66.
Locke said it is possible that some of the TSX performance was a reaction to potential consolidation in the U.S. railway…
