Stock markets – jump in oil prices
After a volatile week on the worlds stock markets, a jump in oil prices, led the Canadian TSX to close higher Friday,
The S&P/TSX composite index rose 98.40 to 13,865.07 points, after gaining 385 points on Thursday as the price of oil jumped 10 per cent. This after three days of volatility that saw Canada’s main index shed a net 227 points
U.S. stocks were mixed after a two-day rally. The Dow Jones industrial average lost 11.76 points to 16,643.01. Despite Friday’s declines, the three main U.S. indexes were on track to end the week higher after a frantic selloff early in the week sparked by worries about China’s economy.
The Canadian dollar was down 0.08 of a U.S. cent to 75.66 cents (U.S.)