TORONTO – Canada’s main stock index rose on Friday, as strength in financial and technology stocks helped outweigh weakness in energy, while U.S. markets rose to a solid finish after a day of mixed trading.
The Dow notched another all-time high for the last trading day of the month, up 228.03 points at 41,563.08, while the S&P 500 neared its own recent record, rising 56.44 points to 5,648.40. The Nasdaq composite was up 197.20 points at 17,713.62.
The S&P/TSX composite index closed up 118.69 points at 23,346.18.
Markets ended the month of August on a quiet note, said Anish Chopra, managing director with Portfolio Management Corp., setting investors up for a September that promises interest rate cuts on both sides of the border.
The Commerce Department’s personal consumption and expenditures…
