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Update: TSX Little Changed Friday as Trade Disputes Finally Take a Toll; Healthcare Stocks Main Decliner


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Canada's main stock market was stuck in neutral Friday alongside a mixed backdrop in Wall Street, as the domestic index was unable to extend the gains that resulted in a record close on Thursday. The S&P/TSX Composite Index was down 6 points to close at 16,561. The index reached a new intraday record earlier in the session, before dipping near the close. In the U.S., the Dow Jones gained 94 points while the Nasdaq and the S&P 500 were little changed.

Healthcare led decliners on the TSX, losing 2%, while financials and materials were also weaker. Energy was one of the few gainers today as oil prices climbed 1%, though they were off nearly 4% for the week.

In stock news, Hydro One (H.TO) fell another 1.6% today after its CEO and entire board resigned earlier this week. Callidus Capital (CBL.TO) shed 28% after cutting its dividend. Heavily traded Aurora Cannabis (ACB.TO) shed 3%.

There were no economic releases today in Canada. Next week's highlight is the CPI and retail sales, both due next Friday.

The Canadian dollar was little changed at around 75.99 cents US.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks



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