Stocks fade to end week, Bitcoin climbs

Talk of tariffs from the White House in 2025 and tax-loss selling filled the air. Friday saw the TSX shed 0.54% and lose 1.6% for the week as only tech managed to gain ground during the session. All other sectors declined, led by materials and telcos.

Making waves were Celestica which soared 9.12%, while both Telus and BCE ended the day -1.14%, Enghouse Systems -12.89% and OceanaGold -5.34%. Gold itself sank 1.2% to US$2,650, though WTI gained 1.6% to US$71.15 an ounce.

Wall Street didn’t fare much better as the S&P finished the day flat, the Dow -0.2% and the Nasdaq 0.12%. For the week: the S&P -0.65%, the Dow -1.8% and the Nasdaq 0.34%. The most influential names were Nvidia at -2.45%, Broadcom leaping 23.95% after a blow-out report, and Tesla adding 4.01%. Other major movers: Nucor -4.84% and Airbnb -4.74%. Bitcoin rose to new heights by 1.75% to $101,500 while the U.S. 10-year yield climbed to 4.39% as recent hot inflation numbers discouraged talk of interest rate cuts in the coming year.

🧬 Celestica Inc (CLS-T) +9.12%

📱 Telus Corp (T-T) -1-14%

📱 BCE Inc. (BCE-T) -1.14%

💾 Enghouse Systems (ENGH-T) -12.89%

🥇 Oceanagold Corp (OGC-T) -5.34%

💾 NVIDIA Corporation (NVDA-Q) -2.45%

🧬 Broadcom (AVGO-Q) -23.95%

🚗 Tesla Inc (TSLA-Q) +4.01%

⛓ Nucor Corp. (NUE-N) -4.84%

🧳 Airbnb (ABNB-Q) -4.74%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.75%