Canadian stocks inched higher on Friday as U.S. nonfarm payrolls data cooled concerns about further Fed rate hikes. The softer rate-hike outlook supported gold-linked metal stocks, driving a surge in the materials sector. Overall, the move appears modest but directionally positive for metals/materials exposure.
Canadian stocks inched higher on Friday as U.S. nonfarm payrolls data cooled concerns about further Fed rate hikes. The softer rate-hike outlook supported gold-linked metal stocks, driving a surge in the materials sector. Overall, the move appears modest but directionally positive for metals/materials exposure.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.15
