CANADA STOCKS-TSX extends weekly winning streak as tech rallies

Kitco Media
By Reuters
Published:
Updated:
Reuters



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TSX ends up 62.46 points, or 0.3%, at 20,693.15

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For the week, the index gains 0.6%

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Technology climbs 1.4%

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Consumer staples adds 1.3%

(Adds details on activity, updates prices to close) By Shristi Achar A and Fergal Smith April 21 (Reuters) - Canada's main stock index rose on Friday, led by gains for technology shares, while the materials sector lost ground as gold prices fell. The Toronto Stock Exchange's S&P/TSX composite index ended up 62.46 points, or 0.3%, at 20,693.15. For the week, the index advanced 0.6%, its fifth straight weekly gain. The technology group climbed 1.4% as shares of e-commerce company Shopify Inc added 2.7%. Consumer staples were also a standout, rising 1.3%. But the materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.9% as increased expectations that the Federal Reserve will raise interest rates further next month weighed on gold. (Reporting by Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips and Deepa Babington)

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