Gold Stocks Lead Canada Higher
The TSE 300 recouped its morning loss and closed up 41.56 points to 8270.55. Gold stocks soared, while financial stocks fell. While the basically flat U.S. indices were no help, the technical posture of the TSE 300 has reverted to strong hence the path of least resistance is to the upside. Plus Friday was a day before a Canadian long weekend, typically a positive day for stocks.
European markets ended higher. In London, the Financial Times-Stock Exchange 100 index gained 10.50 points, or 0.18%, to 5,915. In Germany, the DAX Index was up 13.06 points, or 0.21%, to 6,186.87. In France, the CAC 40 added 45.59 points, or 0.82%, to 5,638.24.
In Asia, markets finished lower. The Nikkei lost 32.90 points, or 0.24%, to 13,877.77. In Hong Kong, the market closed down 178.69 points, or 1.31%, to 13,459.18.