Markets were flat or lagging for much of Friday until they surged in the dying minutes. Rewind to the morning when Canadian GDP in Q2 came in at 2.1%, as expected, while the U.S. CPE (personal consumption expenditure) number for July was a modest 2.5%, enhancing sentiment that the central bank will cut interest rates in September. By the end of Friday, the TSX had edged up by 0.11% and 0.25% for the week, and remaining at all-time highs. <\/p>\n\n\n\n
Key names included Capstone Copper<\/a> up 4.31%, Hudbay Minerals<\/a> 4.17%, and Laurentian Bank<\/a> -4.27% to cap off bank earnings week. Most-traded were Northland Power<\/a> -2.55% and CNQ<\/a> at -2.03%. Energy lagged as WTI sank 3% to US$73.65, while gold gave back US$19 to US$2,502.<\/p>\n\n\n\n The S&P and Nasdaq rose around 1% Friday, though the S&P advanced 0.25% for the week and the Nasdaq about 1%. Meanwhile, the Dow reached yet another high after climbing 0.51% as the rally continues to broaden beyond tech. The Dow rose nearly 1% over the week. Major movers: Nvidia<\/a> up 1.44% despite flatness for part of the session, GE<\/a> 4.87%, Intel<\/a> popping 9.51%, Tesla<\/a> 3.65% and Ulta Beauty<\/a> -3.9%. Bitcoin<\/a> faded by 0.8% to US$58,850 as the U.S. 10-year yield climbed to 3.907%.<\/p>\n\n\n\n ⛏ Capstone Copper Corp\u00a0(CS-T)<\/a> +4.31%<\/p>\n\n\n\n ⛏ Hudbay Minerals\u00a0(HBM-T)<\/a> +4.17%<\/p>\n\n\n\n 🏛 Laurentian Bank\u00a0(LB-T)<\/a> -4.27%<\/p>\n\n\n\n 💡 Northland Power Inc\u00a0(NPI-T)<\/a> -2.55%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -2.03%<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +1.44%<\/p>\n\n\n\n 🧬 General Electric\u00a0(GE-N)<\/a> +4.87%<\/p>\n\n\n\n 💾 Intel\u00a0(INTC-Q)<\/a> +9.51%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> +3.65%<\/p>\n\n\n\n 💄 Ulta Salon Cosmetics and Fragrance Inc.\u00a0(ULTA-Q)<\/a> -3.9%<\/p>\n\n\n\n