TORONTO — Canada’s main stock index gained more than one per cent Friday, led by strength in financial and industrial stocks, while U.S. markets also rallied in the latter half of the afternoon. The S&P 500 and the Nasdaq each gained 1.
TORONTO — Canada’s main stock index gained more than one per cent Friday, led by strength in financial and industrial stocks, while U.S. markets also rallied in the latter half of the afternoon.
The S&P 500 and the Nasdaq each gained 1.6 per cent, while the Dow rose 1.4 per cent, coming back from a midday dip after the latest economic report in the U.S. showed some deceleration in inflation and a pullback in consumer spending in January.
The report is part of a recent trend in the U.S., said Pierre-Benoît Gauthier, vice-president of investment strategy at IG Wealth Management.
“The data is getting weaker and weaker. Everything that comes out is just a big disappointment,” he said….
