Canada’s main stock index hit a record high on Friday, supported by energy stocks and was set to clock its best week since November, offsetting concerns about worse-than-expected domestic jobs data for January.
The S&P/TSX Composite popped 103.57 points to reach noon hour EST at 18,145.54.
The Canadian dollar picked up 0.3 cents to 78.28 cents U.S.
The largest percentage gainer on the TSX was Eldorado Gold, which jumped $1.01, or 6.9%, to $15.76, after signing a revised contract with Greece to govern further development, construction and operation of its Kassandra Mines.
Interfor Corporation rose $1.50, or 5.6%, to $28.03 after reporting strong fourth-quarter results.
Canopy Growth fell $1.23, or 2.2%, the most on the TSX, to $55.10. The second-biggest decliner was Intertape Polymer Group, down 27 cents, or 1.1%, to $23.32.
It’s a busy day on the macroeconomic scene, with Statistics Canada informing us the economy lost 213,000 jobs … Read the rest