TORONTO — Canada’s main stock index posted a small loss Friday led by weakness in energy stocks, while U.S. markets were lifted to another record high by tech stocks and a hot jobs report. Between Thursday and Friday, U.S.
TORONTO — Canada’s main stock index posted a small loss Friday led by weakness in energy stocks, while U.S. markets were lifted to another record high by tech stocks and a hot jobs report.
Between Thursday and Friday, U.S. markets more than erased Wednesday’s selloff.
Markets sank Wednesday after the U.S. Federal Reserve held its key interest rate steady and made comments indicating they were unlikely to start cutting the rate as early as many had hoped.
The comments “basically threw a big bucket of cold water” on hopes for rate cuts to begin in March, said Philip Petursson, chief investment strategist at IG Wealth Management.
But a batch of promising U.S. economic data on Thursday followed…
