* TSX ends up 17.9 points, or 0.1%, at 20,758.34. * For the week, the index advances 0.2% * Energy rises nearly 1%; oil settles 3.3% lower. * Materials group ends down 2.1% By Fergal Smith.
Canadian Finance Minister Chrystia Freeland on Friday said new spending on healthcare and ramping up clean technologies would be in this year's budget, but she added it was her goal not to fuel inflation. It is the government's responsibility not to pour "fuel on the flames of inflation, and force the Bank of Canada's hand," she told reporters after meeting her provincial counterparts in Toronto.
Canada's main stock index fell at the open on Friday, with lower precious metal prices weighing on mining stocks, while growth-sensitive tech stocks fell after a higher-than-expected U.S. jobs number sparked fears of further interest rate hikes. At 9:33 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 25.16 points, or 0.12%, at 20,715.28.
* TSX ends down 10.61 points, or 0.1%, at 20,740.44. * Energy falls 2.8%; oil settles 0.7% lower. * Canada Goose tumbles 23.7% * Technology rallies 2.2% By Fergal Smith. Feb 2 - Canada's main stock index edged lower on Thursday as losses in commodity-linked stocks offset gains in technology, while Canada Goose's shares crumbled after the luxury goods maker cut its full-year forecast.
* BANK OF CANADA TO AUCTION C$3.5 BILLION OF BONDS DUE 2025 ON FEB. 8 Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/nominal-bonds/
* CANADA AUCTION OF C$4 BILLION 2033 BOND YIELDS AVERAGE 2.869% * CANADA 2.750% 2033 BOND AUCTION YIELDS LOW 2.864%, HIGH 2.874% Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/nominal-bonds/
Canada's main stock index slipped on Thursday, as losses in commodity-linked stocks offset gains in technology, while Canada Goose's shares crumbled after the luxury goods maker cut its full-year forecast.
* Canadian dollar weakens 0.3% against the greenback. * Touches its strongest intraday since Nov. 16 at 1.3263. * Price of U.S. oil falls 1.3% * 10-year yield touches a 2-week low at 2.774% The Canadian dollar weakened against its U.S. counterpart on Thursday as oil prices fell but the move was limited after the Federal Reserve's dovish message bolstered risk appetite.
Laurentian Bank of Canada (LRCDF): * Laurentian Bank of Canada (LRCDF) - INCREASES ITS USD BASE RATE IN CANADA BY 25 BASIS POINTS FROM 8.00% TO 8.25%, EFFECTIVE FEBRUARY 2, 2023 Source text for Eikon: Further company coverage:
CGI Inc (GIB): * CGI AND NATIONAL BANK OF CANADA EXPAND THEIR PARTNERSHIP. * CGI Inc (GIB) - ACQUIRES NATIONAL BANK'S INNOVATIVE FINANCIAL PLANNING IP SOLUTION, ADVICESUITE Source text for Eikon: Further company coverage:
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