The Toronto Stock Exchange has narrowly missed ending the week in positive territory with only a slight loss as oil prices rebound and the earnings of major banks defy expectations. US data showed a weaker-than-expected growth in the economy, rising 2.2 per cent in the fourth quarter of 2014 and not the 2.6 per cent that was predicted. There was also bad news for the US manufacturing sector with output from the Midwest’s factories hitting a 5 ½ year low.
The S&P/TSX Composite Index closed down 6.82 (0.04 per cent)
The NYSE closed lower.
Oil is trending higher (Brent $61.99, WTI $49.16 at 4.10pm)
Gold is trending lower.
The loonie is valued at U$0.80020 (4.10pm)