Equities in Canada’s largest market ended lower Friday, led by declines in energy and consumer staple stocks, as investors stayed cautious ahead of next week’s federal election.
The TSX Composite dipped 111.74 points Friday to 20,490.36.
The Canadian dollar edged down 0.04 cents to 78.44 cents U.S.
On the corporate front — TC Energy has signed a deal to sell its remaining 15% stake in the Northern Courier Pipeline to a partnership that includes Suncor Energy and eight Indigenous communities. Financial terms of the agreement were not disclosed.
The TSX Venture Exchange subtracted 9.07 points to 886.83.
All but two of the 12 TSX were lower, with energy sliding 1.96%, consumer staples down 1.56% and financials off 1.01%.
On the upside, health-care stocks were up 0.30% and industrials rose 0.24%.
Stocks took a hit on Friday as investors remain cautious due to a resurgent Covid virus … Read more