Canada-U.S. Markets Move in Opposite Directions Amid Earnings, Economic Data

Canadian and U.S. markets moved in opposite directions on Friday as investors digested earnings reports and economic data.

The Canadian market rose, while the U.S. market fell, with stocks responding to the release of second-quarter GDP numbers and corporate earnings announcements.

Investors on both sides of the border are weighing the impact of interest rate hikes and inflationary pressures on the economy.