Canadian stocks outpace American for the week

As the trade war begins to thaw amid early trade talks, Canadian markets outperformed their American peers on Friday and during the week. The TSX rose 0.36% on Friday on the strength of outsized gains in materials, telcos and energy while tech lagged.

Earnings drove many of the major movers. Air Canada soared 14.64%, Telus 7.12%, NFI 12.79%, Lundin 14.14% and Pembina -5.85%. Gold increased US$23 to US$3,328 while WTI climbed about one dollar to nearly US$61. The TSX rose 1.3% for the week.

In contrast, the three American indices slipped a fraction of 1% during the week. On Friday the Nasdaq closed flat, the S&P shed four points while the Dow fell 0.29%. Among the major names were Lyft rocketing by 28.08% on strong earnings, Expedia -7.3% as fewer tourists are visiting the U.S., Tesla 4.72% and Crowdstrike -4.21%. The U.S. 10-year yield hovered around 4.386% while Bitcoin added US$740 to US$103,360.

🛫 Air Canada (AC-T) +14.64%

📱 Telus Corp (T-T) +7.12%

🚚 New Flyer Industries Inc. (NFI-T) +12.79%

⛏ Lundin Gold Inc. (LUG-T) +14.14%

🏗 Pembina Pipeline Corp (PPL-T) -5.85%

🚕 Lyft (LYFT-Q) +28.08%

✈ Expedia (EXPE-Q) -7.3%

🚗 Tesla Inc (TSLA-Q) +4.72%

💾 CrowdStrike Holdings (CRWD-Q) -4.21%