CANADA STOCKS-TSX rise as US payroll data up hopes of early rate cut

admin

Administrator
Jun 17, 2007
66,216
0
36
49
Canada
Canada's main stock index ended higher on Friday, led by gains in technology and healthcare during a broad-based rally as slowing U.S. jobs growth in April raised hopes of early interest rate cuts by the U.S. Federal Reserve. The Toronto Stock Exchange's S&P/TSX composite index ended up 128.52 points, or 0.59%, at 21,951.74, paring most of its losses in the past week. U.S. job growth slowed more than expected in April and annual wage gains cooled, with traders now adding to bets that the Fed will deliver its first interest rate cut this year in September compared with expectations of one cut in December before the data.
 
Back
Top