Canadian equities inched higher on Friday as a rise in commodity prices lifted mining stocks, although gains on the main index were capped by a dismal U.S. jobs report that sparked fears of slowing global growth.
The TSX Composite remained above water 12.88 points to reach noon Friday at 20,808, another intraday record.
The Canadian dollar hiked 0.28 cents to 79.94 cents U.S.
Canadian equities have scaled record highs in recent weeks as investors shrugged off sluggish macroeconomic data, betting on central banks to stick to easy money policies.
Nexgen Energy jumped 23 cents, or 3.4%, to $7.03 after RBC Capital Markets raised its price target on the stock.
The TSX Venture Exchange advanced 8.21 points, to 915.91
Eight of the 12 TSX subgroups were lower by noon, with health-care staggering 1.1%, energy off 1%, and consumer staples falling 0.5%.
The four gainers were gold, shinier 2.5%, materials, … Read more