TSX pares weekly decline on tech rally
Canadas main stock index recovered some weekly losses on Friday driven by gains in technology shares. Lower oil prices and US monetary policy outlooks helped ease inflation concerns.
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Canada's main stock index rose 191.21 points, or 0.5%, to 35,697.49 on Friday afternoon, led by a 3.6% rally in technology shares. The advance pared the index's weekly decline to 2.2% following a six-week closing low set on Thursday. For investors, the session offered a reprieve after four straight weekly losses, the steepest drop since March.
