The Toronto Stock Exchange is down 13 points at midday, with most sectors lower. The technology sector, down 1.75%, is the biggest decliner, followed by miners, down 1.2%.
Oil prices fell early on Friday amid market uncertainty over the impact of U.S. President Donald Trump’s decision to impose a 10% tariff on oil and gas imports from Canada, its largest supplier, while tightening sanctions on Venezuela and Iran.
Gold traded lower for a second day early on Friday as the dollar rose after a key U.S inflation measure eased last month.
Helping to cap losses, Desjardins noted Canada’s economy surpassed all expectations in the second half of last year. Not only did GDP growth clock in at 2.6% in Q4, well above the 1.7% consensus forecast, but the third quarter advance was also revised up significantly.
Material revisions to the third quarter reading also provided a positive surprise, said Royce Mendes over at Desjardins. “All told, this…
