Canadian Stocks Rise 0.7%

Dow Jones08-08 04:31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Canada rose Friday, as the S&P/TSX Composite Index rose 0.7% to 36381.23.

Among large local companies, B2Gold was the biggest leader during the session, surging 22%, and Russel Metals surged 15%. Altus Group rounded out the top three movers, as shares surged 15%.

Extendicare was the biggest laggard, tumbling 5.1%, followed by shares of Greenfire Resources, which dropped 4.5%. Shares of Nutrien fell 4.0%.

U.S. stock indexes rose as the Nasdaq Composite Index increased 1.3%. Meanwhile, the S&P 500 Index rose 0.6%, and the Dow Jones Industrial Average added 0.3%.

On the currency front, the WSJ Dollar Index fell 0.3% to 95.92. The Canadian dollar strengthened 0.5% against the U.S. dollar to US$0.72.

In the bond markets, the 10-year Canadian government bond yield increased 2.12 basis points to 3.642%.

Data source: Dow Jones Market Data, FactSet

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