TORONTO — Canada’s main stock index finished slightly higher Friday, helped by strength in the real estate sector, while U.S. markets were closed for the Fourth of July.
The S&P/TSX composite index was up 1.90 points at 27,036.16.
Brent Joyce, chief investment strategist and managing director at BMO Private Investment Counsel Inc., said in an interview that gains in real estate stocks are “interest rate driven,” adding that it appears likely the U.S. Federal Reserve will be cutting interest rates in July.
“Real estate is certainly going to be keying off of interest rates in the short term. In Canada, real estate’s a lot of different things, if you
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