Canada’s main stock index ended the week just a touch in negative territory, while strength in tech helped buoy U.S. markets.
The S&P/TSX composite index finished down 8.82 points at 33,904.11, with energy one of the weaker sub-indexes.
Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management, said headlines around the war in the Middle East, and its impact on global crude oil prices, was likely behind the slight dip on the Canadian market on Friday.
“While the near-term contract has been very, very volatile on oil egress out of (the Strait of) Hormuz, the market continues to price in resolution on Iran — and I think fairly quickly,”
→ Continue reading at BIV