Thursday, January 16

Tag: output cut

TSX extends weekly winning streak as products break greater

TSX extends weekly winning streak as products break greater

Business
© Reuters. FILE PHOTO: An indication board showing Toronto Stock Exchange (TSX) stock details is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File Photo By Fergal Smith (Reuters) -Canada's primary stock index edged greater on Friday to notch its 5th straight weekly gain, led by gains for the products group as costs reached a near 1 year high. The Toronto Stock Exchange's S&P/ TSX composite index wound up 19.3 points, or 0.1%, at 21,849.15, trading near its greatest closing level because April 2022. For the week, the index was up 0.5%. The weekly winning streak was the longest in 11 months. "The huge thing we're seeing is a good rotation into a few of the cyclicals," stated Greg Taylor, a portfolio supervisor at Purpose Investments. "That had actually been something that kept bac...