Canada's main stock index ended higher on Friday as investors globally cheered recent signs of US economic resilience and record high gold prices boosted metal mining shares, with the index notching its biggest weekly advance of the year, reports Reuters.
The S&P/TSX composite index ended up 21.89 points, or 0.1 per cent, at 23,054.61, its seventh straight day of gains. That's the longest daily winning streak since April 2023.
For the week, the index was up 3.3 per cent, its biggest weekly advance since October, putting it back in reach of the record closing high it posted last month.
"We've seen an incredible rebound in not just the Canadian equity market, but global equity markets," said Douglas Porter, chief economist at BMO Capital Markets.
TSX posts biggest weekly gain in 10 months
FE Team | Published: August 18, 2024 23:40:37
TSX posts biggest weekly gain in 10 months
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