The Canadian stock market ended on a strong note on Friday with investors indulging in hectic bargain hunting after six successive days of losses.
The Canadian market is up sharply in positive territory Friday afternoon, and with stocks from across various sectors scoring strong gains on sustained buying interest, looks well on course to end the session on a high note.
Canadian shares are likely to open higher on Friday, tracking firm crude oil prices and a rally in European stock markets.
The Canadian stock market ended on a weak note on Thursday, extending losses to a sixth straight session, as the mood remained bearish amid rising concerns about growth and interest rate hikes.
Canadian shares are down firmly in negative territory Thursday afternoon and look well on course to end the session on a dismal note.
Weak commodity prices and weak European markets point to a negative start for the Canadian stock market on Thursday.
Despite holding firm till more than an hour past noon, the Canadian market ended on a weak note on Wednesday as stocks from healthcare, consumer, technology and communications sectors drifted lower on selling pressure.
After a cautious start and a subsequent uptick, the Canadian market pared gains and slipped into the red Wednesday afternoon, but has edged up slightly on finding support at lower levels.
Canadian shares are likely to open higher on Wednesday, tracking gains in European markets and higher commodity prices.