* TSX ends up 0.5% at 21,807.37
* For the week, the index falls 0.4%
* Communications sector gains 0.6%
* Financials add 0.7%
April 19 (Reuters) – Canada’s main stock index edged
higher on Friday as energy and interest rate sensitive shares
notched gains, with the index outperforming Wall Street and
clawing back some of its weekly decline.
The Toronto Stock Exchange’s S&P/TSX composite index
ended up 98.93 points, or 0.5%, at 21,807.37, its
third straight day of gains. For the week, it was down 0.4%
after declining 1.6% in the previous week.
The Nasdaq and the S&P 500, two major U.S. benchmark
indexes, fell after mixed corporate earnings and amid growing
pessimism that the Federal Reserve would cut interest rates
soon.
“It’s positive to see a bit of a bounce in interest rate
sensitive stocks,” said Lorne Steinberg, president, Lorne
Steinberg Wealth…
