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The main Canadian index recorded gains on Friday, July 9, following two days of decline as several sectors posted a recovery.
The base metals and technology sectors grew 3.57% and 1.17%, respectively, while the industrials sector jumped 1.09%. Energy and financial stocks, on the other hand, witnessed a growth of 1.09% and 0.99%, respectively.
The S&P/TSX Composite Index was up by 0.98% to 20,257.95 on Friday.
1-Year Price Chart. Source: EODHD/Others, Analysis by Kalkine Group
Gainers and Losers
Actively Traded Stocks
The most actively traded stocks on the TSX on Friday were Toronto-Dominion Bank, with a trading volume of 7.13 million, followed by Bank of Nova Scotia, with that of 5.34 million, and Nevada Copper Corp, with that of 5.09 million.
US Market
US stocks rose significantly on Friday, extending the recovery that began the previous day on the back of a selloff. With the day's upward movement, all three main indexes closed the session at fresh all-time highs.
The Dow increased by 448.23 points to 34,870.16, the S&P 500 gained 48.73 points to 4,369.55, and the Nasdaq increased by 142.13 points to 14,701.92.
Commodities
Gold traded in a positive territory on Friday, adding 0.58% to US$ 1,810.60.
Crude continued its rally as Brent Oil gained 1.93% to US$ 75.55/bbl and WTI Crude Oil climbed 2.22% to US$ 74.56/bbl.
Currency
The Canadian Dollar gained against the US Dollar on Friday, while USD/CAD ended at 1.2446, down 0.69%.
The US Dollar lost some ground against the basket of major currencies for the second straight session on Friday, down 0.31% to 92.13.
Money Market
The US 10-year bond yield bounced 5.15% to end at 1.361, supported by the eased economic concerns across the globe.
The Canada 10-year bond yield, on the other hand, soared 5.06% to close at 1.329 on Friday, driven by better-than-expected job numbers for June 2021 in Canada.
