Yahoo Finance 
TSX Hikes in the First Hour
Equities in Toronto moved higher on Friday, led by gains in energy shares as oil prices gained after producers within the Organization of the Petroleum Exporting Countries and its allies promised to meet supply cut commitments, while signs of improving fuel demand further bolstered sentiment.
The S&P/TSX Composite Index rumbled higher 102.16 points to open the week’s last session at 15,581.99.
The Canadian dollar gained 0.12 cents at 73.67 cents U.S.
Barrick Gold on Thursday said there is "absolutely no truth" to a news release circulated on social media in Zambia claiming the gold miner had sold its Lumwana copper mine. Barrick shares towered 42 cents, or 1.3%, to $33.11
Shopify and Blackberry have been working with provincial and federal governments on a coronavirus contact tracing app expected to launch in July. Shopify gained $28.85, or 2.5%, to $1,203.83.
Suncor Energy said a leak at its 137,000-barrel-per-day Montreal refinery has been contained and stopped. Suncor shares picked up 20 cents to $24.01.
CIBC raised the target price on Empire Company to $37.00 from $35.00. Empire shares picked up 14 cents to $32.90.
Jefferies raises target price on First Quantum Minerals to $18.00 from $16.00. First Quantum shares traveled 60 cents, or 6.8%, to $9.46.
On the economic blotter, Statistics Canada reported retail sales were down by 26.4% in April to $34.7 billion. Motor vehicle and parts dealers took the largest hit, while online sales surged to a record high, representing 9.5% of the total retail market in April.
ON BAYSTREET
The TSX Venture Exchange regained 3.35 points to 561.62.
All but one of the 12 subgroups were higher in the first hour, with gold ahead 2.2%, materials soaring 1.8%, and energy gushing 1.4%.
Only real-estate missed the party, fading 0.3% soon after Friday’s opening.
ON WALLSTREET
Stocks rose on Friday, adding to this week’s strong gains, amid a report that China was set to up its purchases of U.S. farm products to comply with phase one trade deal.
Read:
The Death Of Car Ownership: The Trillion Dollar Trend Upending The Auto Industry
Canadian Gold Unfazed by Tumbling Prices; Focused on the Long Game
The Dow Jones Industrials hiked 214.58 points, to kick off Friday at 26,294.68.
The S&P 500 added 24.31 points to 3,139.65.
The NASDAQ grew 98.46 points to 10,041.55, on the way to its sixth consecutive gain.
The report eased concerns about U.S.-China trade relations as the two countries exchange heated rhetoric regarding the coronavirus.
Stocks tied to the reopening of the economy gained. United Airlines rose 1.7%, while Kohl’s gained 1.6%. Oil and energy stocks were among the biggest gainers, with Devon Energy jumping 3.2%.
For the week, the major averages were on pace to post their fourth weekly gains in five. The Dow and S&P 500 were each up at least 3% week to date while the NASDAQ has risen 4.7%.
Prices for the 10-Year Treasury fell, lifting yields to 0.72% from Thursday’s 0.71%. Treasury prices and yields move in opposite directions.
Oil prices prospered $1.31 to $40.15 U.S. a barrel.
Gold prices jumped $13.50 to $1,744.60 U.S. an ounce.
