The Toronto Stock Exchange's TSX Composite index experienced a modest rise on Thursday, led by gains in the industrials and consumer discretionary sectors. Cargojet (TSX:CJT) and Park Lawn (TSX:PLC) Corporation were among the top performers, with significant upticks in their share prices. The energy sector also saw growth, with Birchcliff Energy (OTC:BIREF) and Parex Resources (TSX:PXT) both advancing.
The Canadian dollar, however, faced a slight decline, falling to 72.98 cents U.S. Eight out of twelve subgroups in the TSX saw advances, with consumer discretionary shares surging by 0.5%, and both consumer staples and financials growing by 0.3%. Despite these gains, some sectors struggled; health-care, gold, and communications all saw downward trends.
Oil prices retreated, influenced by the delay in the OPEC+ meeting, with crude oil prices closing at $75.59 U.S. per barrel. Gold prices, conversely, inched up slightly.
The mixed performance in the market was mirrored by the TSX Venture Exchange, which notched a minor gain on Thursday but shrank slightly on Friday morning UTC.
As the U.S. markets were closed for Thanksgiving on Thursday and will resume with a shortened session post-holiday, global investors are likely to focus on Canadian market movements for insights into North American economic trends.
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