Equity markets in Toronto signed off for the weekend with gains, led mostly by tech and real-estate strength, to hit a new all-time high.
The TSX gained 104.48 points, to close Friday at 25,648, for a gain on the week of 203 points, or 0.8%
The Canadian dollar gained 0.04 cents to 71.43 cents U.S.
Tech stocks led the parade of winners, with Shopify surging $4.25, or 2.7%, to $162.52, while Kinaxis popped $4.94, or 2.8%, to $184.05.
In real-estate, Interrent REIT units gained 21 cents, or 2%, to $10.89, while RioCan REIT picked up 23 cents, or 1.2%, to $19.04.
In industrials, Bombardier improved $2.24, or 2.4%, to $96.83, while ATS Corp. shares gained 95 cents, or 2.1%, to $46.00.
Consumer staples went backwards, though, as Maple Leaf Foods lost 42 cents, or 1.8%, to $22.71, while Metro fell $1.06, or 1.1%, to $91.30.
Health-care stocks were lower, as Tilray dipped two cents, or 1%, to $1.90, while Chartwell Retirement Residences gave up 11 cents to $16.15.
In energy issues, Pason Systems forked over 12 cents to $14.17, while Freehold Royalties lost nine cents to $13.95.
On matters macroeconomic, Statistics Canada said September’s GDP edged up 0.1% as increases in services-producing industries were partially offset by declines in goods-producing industries.
ON BAYSTREET
The TSX Venture Exchange rallied 6.87 points, or 1.1%, to 614.26, to put it up eight points, or 1.3%, on the week.
Eight of the 12 TSX subgroups were in positive territory, with information technology taking on 1%, real-estate up 0.6%, and industrials, better by 0.5%.
The four laggards were weighed most by consumer staples down 0.6%, health-care, sliding 0.2%, and energy, 0.1% less energetic.
ON WALLSTREET
The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities.
The blue-chip index regained 188.59 points to 44,910.65
The broader index recovered 33.64 points to 6,032.38.
The NASDAQ Composite spiked 157.69 points to 19,218.17.
The Dow added 1.4% this week, bringing its gain for November to 7.5%. The S&P 500 and NASDAQ Composite each advanced 1.1% on the week, ending 2024’s penultimate month higher by more than 5% and 6%, respectively. With those gains, the Dow and S&P 500 notched their best months of 2024.
Lam Research rallied 3%, while Nvidia jumped more than 2%.
The stock market closed at 1 p.m. EST on Friday in observance of the Thanksgiving holiday. There were no economic data releases or corporate earnings reports of note on the docket for Friday.
Prices for the 10-year Treasury jumped, lowering yields to 4.18% from Wednesday’s 4.25%. Treasury prices and yields move in opposite directions.
Oil prices lost 57 cents to $68.15 U.S. a barrel.
Prices for gold jumped $9.10 an ounce to $2,73.90 U.S.
