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First Quantum Minerals Ltd. (FM.TO)

Toronto - Toronto Real-time price. Currency in CAD
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18.58+1.80 (+10.73%)
At close: 04:00PM EDT
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  • Reuters

    CANADA STOCKS-TSX adds to weekly gain as investors favor inflation hedges

    Canada's resource-heavy main stock index rose on Friday, adding to its weekly gain, as evidence of stubborn inflation in the United States increased the appeal of owning commodity-linked shares. The Toronto Stock Exchange's S&P/TSX composite index ended up 83.86 points, or 0.4%, at 21,969.24. "The market is clearly looking for inflation hedges and I think you've seen that with the move we've seen in commodities of late," said Mike Archibald, a portfolio manager at AGF Investments.