Canada’s main stock index rose on Thursday on a boost from financial shares, while investors weighed prospects of early rate cuts after data pointing to resilience in the U.S. labour market.
The TSX Composite regained 57.36 points to open Thursday at 20,875.94.
The Canadian dollar sank 0.05 cents to 74.85cents U.S.
Among individual stocks, Superior Plus fell 26 cents, or 2.7%, to $9.34, after Raymond James downgraded the Canadian propane distributor to “market perform” from “outperform”.
ON BAYSTREET
The TSX Venture Exchange eked higher 1.05 points to 551.12.
The 12 subgroups were evenly split, with financials ahead 0.6%, information technology better by 0.4%, and industrials up 0.3%.
The half-dozen laggards were weighed most by health-care, down 0.9%, communications off 0.4%, and materials lower 0.2%.
ON WALLSTREET
The Dow Jones…
