It was another weekend to celebrate not only summer, but yet another all-t1me record for equities in Toronto, spirited up mostly by energy and consumer interests.
The TSX Composite index vaulted 88.88 points to end Friday and the week at 20,138.35 another all-time record for the exchange. The gain on the past five sessions was 109 points, or 0.54%.
The Canadian dollar erased 0.43 cents to 82.23 cents U.S.
Among energy stocks, Tourmaline Oil gained $2.47, or 8.1%, to $33.17, while Arc Resources picked up 20 cents, or 2%, to $10.11.
In the industrial sector, Brookfield Business Partners added $2.27, or 4.3%, to $55.07, while Ballard Power Systems increased 51 cents, or 2.4%, to $22.15.
In the consumer discretionary field, Canada Goose Holdings leaped $2.12, or 4.4%, to $50.32, while Dollarama hiked $1.53, or 2.8%, to $55.91.
In resource stocks, Sandstorm Gold docked 23 cents, or 2.1%, to $10.87, while Yamana Gold gave back nine cents, or 1.4%, to $6.22.
Fortuna Silver Mines lost 25 cents, or 3%, to $8.02, while Osisko Mining doffed nine cents, or 2.7%, to $3.31.
The Bank of Canada said on Thursday that inflation could remain higher than projected if supply imbalances and pressures on capacity persist, which might lead it to reduce stimulus more quickly than currently expected.
The TSX Venture Exchange docked 0.21 points to 979.70. Even so, the index gained 1.7 points on the week, or 0.17%.
All but two of the 12 TSX subgroups stayed firmly in the green Friday, with consumer discretionary stocks hiking 1.3%, energy better by 1.2%, and information technology stocks jumping 0.7%.
The two laggards were gold, dulling 1.2%, and materials off 0.4%.
U.S. stocks fluctuated on Friday with the S&P 500 briefly adding to its new record, as Wall Street aimed to wrap up the week on a high note.
The Dow Jones Industrials battled its way into positive territory by day’s end, gaining 14.41 points to 34,480.65.
The broader index progressed 8.29 points to 4,247.47.
The NASDAQ improved 49.09 points to 14,069.42, with Apple, Tesla and Netflix all trading in the green.
For the week, the major benchmarks are mixed. The Dow is off by 1%, but the S&P 500 is up 0.2%, on pace for its third straight positive week. The NASDAQ is the outperformer this week with a 1.5% gain so far, poised to post its fourth winning week in a row.
Some of the meme stocks were rebounding after a rough day on Thursday. AMC shares were up 10% and GameStop gained 4%. Those two suffered double-digit percent losses on Thursday as momentum in the Reddit favorites faded.
Prices for 10-Year Treasurys skidded, raising yields to 1.46% from Thursday’s 1.44%. Treasury prices and yields move in opposite directions.
Oil prices regained 50 cents to $70.79 U.S. a barrel.
Gold prices lost $17.90 to $1,878.50 U.S. an ounce.