TORONTO — Canada’s main stock index gained almost 200 points on Friday, helped by strength in energy stocks as the price of oil moved higher, while U.S. markets closed out the week with new record highs for the Nasdaq and the S&P 500.
TORONTO — Canada’s main stock index gained almost 200 points on Friday, helped by strength in energy stocks as the price of oil moved higher, while U.S. markets closed out the week with new record highs for the Nasdaq and the S&P 500.
New data on the U.S. economy came in weaker than expected on Friday, helping bolster expectations for interest rate cuts to begin in the summer.
Treasury yields moved lower after the reports on manufacturing and consumer sentiment came out, one day after an important measure of inflation came in line with expectations.
“A big part of the market has been quite glass half full, despite having to deal with some mixed … or continued challenging economic…
