TSX Ends Losing Streak on Fed Rate Hopes

The TSX ended its four-day losing streak on Friday after a weaker-than-expected U.S. jobs report raised hopes that the Federal Reserve will keep interest rates steady this month.

The Canadian main market index gained 347.89 points, or 1%, to close at 35,502.65. Despite the rise, it still trailed by 482 points, or 1.3%, for the week.

Industrials led the charge upward, with Aecon Group up $3.07, or 5.4%, to $59.89, and GFL Environmental capturing $2.32, or 4%, to $59.86. Tech stocks also rose, with Firan Technology up $2.02, or 8.1%, to $26.99.

The Canadian dollar fell 0.15 cents to 70.17 U.S. cents.