TSX Rally Stalls Near Records as Recession Worries Hit Before Jobs Data
The S&P/TSX Composite rose 0.7% to 34,758.57 on Friday, closing May with a 2.4% gain and nearing a record high. Tech stocks surged, led by Celestica’s 10.2% jump, while energy shares fell as oil prices dropped. Canada’s GDP was flat in Q1, missing forecasts and pulling the Canadian dollar lower. Investors are watching next week’s jobs data after the weak economic report.