S&P/TSX composite ekes out gain as base metals rise, U.S. markets down

TORONTO — Base metals helped Canada's main stock index eke out a gain Friday, while U.S. stock markets were down, led by the Nasdaq's almost one per cent loss.

As the tech sector weighed on stocks Friday, markets were also seeing higher volumes and volatility because of the “triple witching,” said Headland -- a day where “a lot of derivative contracts ... index options and futures are all scheduled to mature at once.” While the central bank is almost certain to keep its key rate steady, investors will have their ears trained on any comments by central bankers about what they make of the economic data, said Headland.

In Canada, where the economy is on weaker footing, the Bank of Canada may be even more likely to cut in June than the Fed, said Headland.

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S&P/TSX composite pushed up by base metals, U.S. markets mixedTORONTO — Base metals pushed Canada's main stock index up in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 40.54 points at 21,870.39. In New York, the Dow Jones industrial average was down 50.
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