© Reuters.
The Toronto Stock Exchange’s TSX Composite index experienced a modest rise on Thursday, led by gains in the industrials and consumer discretionary sectors. Cargojet and Park Lawn Corporation were among the top performers, with significant upticks in their share prices. The energy sector also saw growth, with Birchcliff Energy (OTC:) and Parex Resources both advancing.
The Canadian dollar, however, faced a slight decline, falling to 72.98 cents U.S. Eight out of twelve subgroups in the TSX saw advances, with consumer discretionary shares surging by 0.5%, and both consumer staples and financials growing by 0.3%. Despite these gains, some sectors struggled; health-care, gold, and communications all saw downward trends.
Oil prices retreated, influenced by the delay in the OPEC+ meeting, with prices closing at $75.59 U.S. per barrel. Gold prices, conversely, inched up slightly.
The mixed performance in the market was mirrored by the TSX Venture Exchange, which notched a minor gain on Thursday but shrank slightly on Friday morning UTC.
As the U.S. markets were closed for Thanksgiving on Thursday and will resume with a shortened session post-holiday, global investors are likely to focus on Canadian market movements for insights into North American economic trends.
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