TORONTO — Canada’s main stock index closed higher Friday, though not as much as U.S. markets which got a boost from a positive jobs report.
The April non-farm payroll data came in better than expected, helping ease fears over the impact of tariffs on the U.S. economy, said Pierre-Benoit Gauthier, vice-president of investment strategy at IG Wealth Management.
“What’s notable is that the hard data, the real economy is holding up.”
Survey data has been showing weakened hiring and spending intentions, but so far that hasn’t quite happened.
“People may say on the surveys that they feel worried, that they feel the economy is going wrong and
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