Canada Stocks Close Higher; Snap 2-Day Losing Streak; Moneta Porcupine Mines Inc. Most Active


Canadian stocks climbed higher on Friday, bouncing after declining 210 points over the past 2-trading sessions. Most sectors were higher, led by Healthcare, but Telecom bucked the trend.

In economic news Friday, Statistics Canada reported that the ratio of Canadian household debt to income edged up to a record high in the third quarter. The ratio hit 163.7 percent in the third quarter from 163.1 percent in the second quarter. A higher debt to income level could lead to inflation which could be a concern to the BOC.

Moneta Porcupine Mines Inc. (ME.TO) was the most active share on the TSX with no fresh stock specific news driving volume. The stock close up 27% with 13 million shares changing hands

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This article appears in: Investing , Commodities

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