The Toronto Stock Exchange is down 123 points at midday, with energy (-0.9%) and miners (-0.7%), the biggest decliners.
Utilities and financials are the sole gainers, up 0.7% and 0.6%, respectively.
In stocks, Enbridge, which is the most actively traded, is down 4.6%, after it reported its fourth-quarter results Friday morning.
Oil prices rose early on Friday following two days of losses as traders gauge the latest moves from the U.S. Administration, which is promising to end Russia’s war on Ukraine while threatening widespread tariffs on the country’s trading partners. And natural gas prices rose for a fifth-straight session as cold weather continues for most states, boosting heating demand.
But gold edged down from a record early on Friday even as the dollar and treasury yields fell after U.S. retail sales dropped more than expected last month, showing a slowing economy even as inflation continues to run hot.
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