The S&P/TSX Composite index ended up 19.93 points, or 0.13 percent to close at 15,264.64, its highest close since June.
Canada’s main stock index was trading high on Thursday, boosted by Rogers (TO:RCIa) shares, which edged up due to a better than expected quarterly profit with strong growth in its wireless business. The shares rose 87 cents, or 1.14 percent, to $64.88
The USD/CAD pair up at 1.2598 or 79.45 cents U.S. The Canadian dollar is racing ahead of its U.S. counterpart, its strongest since early May 2016.
The Toronto based telecommunications and media company Rogers reported a 35 percent hike in second quarter net income on Thursday. It’s better than expected results added zeal to the market to finish strong.
On the economic front, Statistics Canada showed that 525,300 Canadians received regular employment insurance benefits, down 12,800, or 2.4 percent, from April.
On Friday, July 21, 2017 data for Core CPI June and Core Retail Sales May will be released.