The Canadian market, which posted a record closing high on Thursday, is down in negative territory on Friday, hurt by data showing an unexpected contraction in the nation's gross domestic product in the fourth quarter. Technology and financial stocks are among the major losers.
Shares from communications, materials, utilities and consumer staples sectors are finding some support.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.