Canada's main stock market, the Toronto Stock Exchange, made it
five gains in six days Friday. The index closed up 7.85 points at
15,214.96, but was around 30 points off session highs. Indeed,
after earlier getting to near 10 points off the record high of
15,256.36 hit late Thursday morning, it ran out of steam in the
second half of the day before succumbing to some late selling
According to BNN TV, trading volume of around 48.8 million
shares was about 60% less than norm, not helped by the fact that
U.S. markets were closed for the Independence Day celebrations.
Sectors were mixed with Industrials and Telecoms the biggest
winners. Metals & Mining was the biggest loser - which seems to
tally with the late selling in the resources rich overall
On commodities, a Bloomberg UK report published shortly after
midday there said brent crude was headed for its biggest weekly
decline in six months as Libya prepared to resume exports from two
terminals and Iraq's crude production remained unaffected by
violence. West Texas Intermediate fell for a seventh day, the
longest retreat since 2009, it added.
Bloomberg reported earlier today that gold was rising in London,
heading for the longest streak of weekly gains since March, after
German factory orders fell more than expected. It said palladium
traded near the highest price since 2001.
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