The week has ended with an optimistic note as oil prices again edged higher with stronger expectations of demand from the Eurozone and a lower outlook for US oil rig numbers. European issues looked more positive. The Russia-Ukraine ceasefire and better-than-expected US jobs data gave a boost to Asia’s major indexes and that was followed by gains in Europe with Greek talks on hold until Monday and economic data from Germany showing better growth. Domestically with oil gaining so were the stocks of Canada’s energy firms, natural resources and financial institutions.
The S&P/TSX Composite Index closed up
The NYSE closed higher
Oil is trending higher (Brent crude is $61.27 at 4.11pm)
Gold is trending higher
The loonie is valued at U$ 0.80252 (at 4.11pm)