Despite weakness in the prices of most commodities, the Canadian stock market trended upward on Friday after stronger-than-expected domestic labour market data seemingly boosted investors’ confidence about the economic outlook. The S&P/TSX Composite Index rose 90 points, or 0.4%, in the last session to settle at 21,010 but still ended the week with a 75-point drop.
On the one hand, shares of consumer cyclical and mining companies fell sharply on February 9 due mainly to mixed corporate results. On the other hand, market sectors like technology and utilities saw healthy gains, driving the TSX benchmark higher.
Top TSX Composite movers and active stocks
Bombardier, Trisura Group, NovaGold Resources, Stella-Jones, and ARC Resources were the top-performing TSX stocks for the day, as they inched up by at least 4% each.
In contrast, shares of Magna International (TSX:MG) plunged by 6.7% to $73.58 per share, posting its biggest…
