Despite firm gold and silver prices, Canadian stocks traded on a mixed note on Friday as a stronger-than-expected domestic jobs report raised concerns about the Bank of Canada’s next policy move, while corporate earnings painted a varied picture across sectors. The S&P/TSX Composite Index finished the day up 44 points to 29,912, but ended the week with a 1.2% loss to mark its second consecutive weekly decline.
Despite heavy declines in real estate and technology stocks, continued buying in commodity-linked and defensive sectors, such as utilities and consumer staples, helped cushion the broader market.
Top TSX Composite movers and active stocks
Shares of Algonquin Power & Utilities (TSX:AQN) climbed nearly 8% to $8.72 per share, making it one of the top-performing TSX stocks for the day. This rally in AQN stock came after the Oakville-based utility firm posted solid third-quarter results and highlighted its strategic focus on…
