TORONTO — Canada’s main stock index edged lower on Friday on broad-based losses, capping off a week where it had largely struggled to find a direction.
The S&P/TSX composite index was down 67.61 points at 35,806.65.
John Zechner, chairman and lead equity manager at J. Zechner Associates, said that markets are seemingly grinding their way higher despite a number of headwinds that include higher borrowing costs in the U.S. and worries about AI spending.
Investors from around the world were focused on Canada this week as Prime Minister Mark Carney held his two-day investment summit in Toronto that began Monday. It included a flurry of multi-billion-dollar funding announcements
→ Continue reading at BIV