The Canadian stock market closed higher Friday at the end of a volatile week when the main index lost more than 2 percent.
The S&P/TSX Composite Index rose 69.21 points,wheel balancer or 0.58 percent, to 12,065.55, while the S&P/TSX Venture Composite Index increased 6.13 points, or 0.66 percent, to 939.07.
The
Canadian stock market got a weak start Monday amid data showing
economic growth in China coming in lower than expected. Canadian shares
extended losses midweek as the International Fund Monetary lowered its
estimation for global economic growth.Magnetic clutch Worries
about slowing global demand sent commodity prices lower and dragged the
commodity-based Canadian stock market sharply down. The main index on
the Toronto Stock Exchange slumped 2.2 percent for the week or has gone
down 3 percent since the beginning of this year.
Gains
on the Canadian market Friday were largely due to the 2.3 percent rise
in metals and mining sector. Gold stocks stopped sharp losses as bullion
prices on the New York Mercantile Exchange were slightly up. Barrick
Gold was up 1.14 percent to 18.65 Canadian dollars per share and
Goldcorp was up 0.03 percent. The information technology sector
increased 1 percent as shares of Canadian phone maker BlackBerry rose
2.8 percent to 14.It will give you a few helpful tips at startup and I
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The industrial sector was also supportive as shares in Canadian National
Railways gained about 1.Discover Mobile crushing machine best cell phones including Android cell phones5 Canadian dollars to 57.60 Canadian dollars apiece.
The
energy sector was the only decliner among all eight sectors, moving 0.4
percent down though May crude oil contract on the New York Mercantile
Exchange was slightly up. Suncor Energy slid 0.7 percent to 28.13
Canadian dollars per share. On the economic front, Statistics Canada
said the consumer price index rIf you're not a technology person or
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percent in March compared with a year earlier, lower than the 1.1
percent reading that economists had expected. It recorded a rise of 1.2
percent with the country's CPI in February.
At
closing, the Canadian dollar purchased 0.9741 U.S. dollars at 5 p.m.
local time (2200 GMT), compared with 0.9783 U.S. dollars on Thursday.
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