S&P/TSX composite up to regain most of Thursday's losses, U.S. markets also rise

TORONTO — A broad-based rally helped Canada's main stock index close up more than 100 points Friday to largely recover from losses a day earlier, while U.S. stock markets also climbed.

Markets rose to head into the U.S. long weekend as consumer outlook on inflation improved, said Kathrin Forrest, equity investment specialist at Capital Group. The better outlook on inflation came even as data showed continued strength in the U.S. economy, including durable goods orders and survey data from manufacturers.

The loonie has largely been bouncing around 72 and 73 cents for the past month, down from around the 75-cent mark where it started the year. Rising commodities helped boost the TSX energy index up 0.65 per cent and the base metals index up 1.3 per cent while most sectors outside of telecoms also rose.

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S&P/TSX composite posts new record Thursday, U.S. markets also riseTORONTO — Canada's main stock index rose to a new record high, led by strength in energy, telecom and base metals, while U.S. markets also moved higher. The S&P/TSX composite index closed up 116.67 points at 22,375.83.
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