Canadian stock market ends higher amid rate hike expectation

Source: Xinhua| 2018-10-20 06:58:39|Editor: Mu Xuequan
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TORONTO, Oct. 19 (Xinhua) -- Canada's main stock market ended higher Friday due to investors' expectation of another interest rate hike by the Bank of Canada to subdue inflation.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index rose 65.97 points, 0.43 percent, to close the week at 15,470.10 points after three consecutive weeks of declines.

The Canadian dollar was down 0.19 cents to 0.7627 U.S. dollar.

Saputo Inc. rose 2.8 percent to 39.75 Canadian dollars, while Restaurant Brands International tacked 70 cents to 75.45 Canadian dollars.

In the real-estate group, Colliers International Group added 19 cents to 89.75 Canadian dollars, while Allied Properties REIT gained 60 cents to 42.25 Canadian dollars.

Hydro One edged up six cents to 19.49 Canadian dollars.

Among the health-care sector, Canopy Growth dropped 4.1 percent to 61.30 Canadian dollars, while Aurora Cannabis lost 5.5 percent to 13.01 Canadian dollars.

In the tech group, BlackBerry dipped 2.9 percent to 12.22 Canadian dollars.

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