Canada's main stock index rose on Friday as mining and energy stocks firmed on higher commodity prices, while shares of its largest airline jumped after quarterly results were reported.
Air Canada will firm up its order to buy C Series planes from Bombardier Inc. “soon,” the airline's chief executive officer Calin Rovinescu said Friday.
The yen rallied to an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, weighing on stock markets around the world.
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.
Canadian integrated oil producer and refiner Imperial Oil Ltd reported a slightly bigger-than-expected quarterly loss on Friday, hurt by continued weakness in global crude prices.