From NASDAQ MarketSite: 2025-06-06 17:02:00

Canadian stocks ended mostly higher on Friday after an initial surge. The S&P/TSX Composite Index reached a new high but closed at 26,429.13, up 0.33%. The unemployment rate rose to 7.0% in May, but net employment increased by 8,800 jobs, with hourly earnings up by 3.5%. Canadian PM and US President had direct contact, boosting hopes for better trade policies. Trump’s positive call with Xi Jinping raised expectations for a trade deal. Financials, Healthcare, Energy, and IT sectors gained, while Materials, Utilities, Communication Services, and Consumer Staples sectors saw losses. Individual stocks like Shopify Inc. and energy heavyweights rose, while Algoma Steel and Seabridge Gold saw declines.



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