Resources lead the gains for the TSX

Resources lead the gains for the TSX

Resources lead the gains for the TSX Resources gained on Friday as oil prices edged higher as concern eased of new supply from Iran; gold also rebounded. There was a gain for Bombardier as a report from Reuters said that the firm was seeking to raise money from its transportation business which could add $5 billion to the firm’s reserves. Asian markets closed mostly higher as economic data from China showed positivity and Japan is also enjoying strong sentiment. Shanghai and Tokyo ended the week on multi-year highs. European indexes also ended the day in positive mode with corporate transactions helping to boosts the region’s shares. Wall Street has had a fairly uneventful week ahead of next week’s official start to the earnings season and the Fed’s still-dovish tone on interest rates.

The S&P/TSX Composite Index closed up 62.12 (0.41 per cent)

The NYSE closed higher

Oil is trending higher (Brent $57.95, WTI $51.67 at 4.15pm)

Gold is trending higher

The loonie is valued at U$0.7948 (at 4.15pm)