Tech Gains Boost Canada Shares
Canada's benchmark TSE 300 managed to stay in the green column on Friday despite the selloff in the U.S. indices (news of a troop build-up in the Middle East hit the markets at 2:45 EDT, an added weight). The TSE 300 closed at 7739.7, up 32.8 points on the day but down 76.4 points (1.0%) on the week. Gains in Research In Motion and Nortel Networks offset losses by banks and oil and gas stocks. Standard & Poor's will look for an attempt higher next week, and thinks the trend is firmly down -- hence the risk will be for a slide back.
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