Tenuous calm settles in on TSX after week of jitters

TORONTO -- North American investors were experiencing a calmer day Friday after days of upheaval in China where trading was pre-emptively halted twice this week amid heavy market losses.

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Canada's main stock market index, the S&P/TSX Composite, was up 26.29 points at 12,474.50 at noon Friday after briefly falling into the red. The index is still about 20 per cent below an all-time high set in September 2014.

In New York, the Dow Jones average of 30 stocks was up 7.16 points at 16,521.26, after falling nearly 400 points on Thursday. That benchmark had been as low as 16,434.25 earlier Friday, about 80 points below its Thursday close.

The broader S&P 500 index was up a paper-thin 0.74 point at 1,942.35, while the Nasdaq was up 13.4 points at 4,319.19. Both those U.S. indexes had also been in the red shortly before noon and major European markets closed Friday with losses.

The Canadian dollar remained below 71 cents U.S. near 12 1/2-year lows.

It was at 70.78 cents U.S., down 0.16 of a cent from Thursday's close at 70.94 cents U.S.

On the commodity markets, the February gold contract fell $5.80 to US$1,102.00 an ounce and the February crude contract was down 16 cents at US$33.43 per barrel.


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