* TSX ends up 0.5% at 22,320.87
* For the week, the index falls 0.6%
* Financials add 0.8%, TD Bank gains 2.2%
* Energy gains 0.7%, oil settles 1.1% higher
May 24 (Reuters) – Canada’s main stock index rose on
Friday as heavily-weighted financials led broad-based gains and
after domestic inflation data this week raised expectations the
Bank of Canada would soon cut interest rates.
The Toronto Stock Exchange’s S&P/TSX composite index
ended up 120.08 points, or 0.5%, at 22,320.87,
rebounding after it posted on Thursday its lowest closing level
in nearly three weeks. For the week, the index was down 0.6%.
Friday was the last trading day before Canada moves to
shorten the trade settlement period to one day from two days,
keeping it aligned with U.S. markets.
“It’s a confusing market at the moment but the bottom line
is the most important number for the…
