TORONTO — Canada’s main stock index rose on Friday, while U.S. markets lost ground as oil prices eased back to where they were before the war with Iran.
The S&P/TSX composite index was up 129.79 points at 34,980.00.
Ian Chong, portfolio manager for First Avenue Investment Counsel Inc., said the TSX benefited from gains in the materials sector, which has a significant weight in the overall index. He said gold prices lifted that part of the market while energy prices fell.
As the price of oil spiked in tandem with the U.S. and Israel’s war on Iran, investors grew increasingly concerned about the impact on inflation. They figured higher
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