TSX flat as resource share gains offset by bank falls (ENB, ABX)

Cornelia Mascio
Novembre 25, 2017

Canada's main stock index ended up on Friday, with broad gains led by modest moves higher for its heavyweight energy and financial sectors while gold miners weighed.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index rose 33.79 points, or 0.21 percent, to close the day at 16,108.09. It added 0.7 percent over the course of the week.

US crude prices hit their highest in more than two years as the shutdown at TransCanada Corp's Keystone pipeline continued to cut deliveries to storage facilities.

TransCanada shares, which had fallen sharply earlier in the week, were up 0.4 percent at C$63.13.

Barrick Gold Corp rose 1.1 percent to C$18.16.

Canadian retail sales rose far less than expected in September as higher gasoline prices were offset by a decline in purchases of vehicles and clothing, pointing to cooler economic growth that could keep the Bank of Canada cautious about raising interest rates further after hiking in July and September for the first time in seven years.

The TSX posted six new 52-week highs and one new low.

USA markets were closed for the Thanksgiving holiday.

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