TSX Rises to One-Month High on Resource Stock Gains
Canadas main stock index climbed to a one-month high driven by gains in materials and energy shares. Investors weighed remarks from Bank of Canada Governor Tiff Macklem regarding persistent energy-price pressures on future interest rates.
Xurve View
Insights:
Xurve View
Canada's main stock index rose 0.8% to 36,406.48 points on Friday morning, driven by gains in materials and energy shares. The advance pushed the index to its highest level since September 4, putting it on track for a second consecutive weekly gain. The rally comes as investors weigh Bank of Canada Governor Tiff Macklem's warning regarding persistent energy-price pressures on borrowing costs.
