TORONTO (Reuters) - Canada's main stock index rose to a six-month high on Friday as mining stocks surged on higher gold and base metal prices, while shares of its largest airline jumped after quarterly results were reported.
The Canadian dollar briefly touched the 80-cent US mark Friday morning before retreating, capping a remarkable rebound for the currency thanks to strengthening commodity prices and weakness in the greenback.
Canada's economy slipped in February, as weaker demand for exported goods and a slowdown in oil and gas drilling handed the country's gross domestic product its first setback in five months.
On Tuesday, the proudly Canadian chain of upscale eateries announced it has stopped serving Alberta beef in its 59 Canadian restaurants.
With the gates closed, fare evaders are being forced to pay to ride. Mark Yuen/Vancouver Sun / PNG. Share Adjust Comment Print. Metro Vancouver - TransLink says revenue has jumped by about seven per cent since fare gates went fully into operation.