Company releases, economic news, and business coverage.
TORONTO - Major New York stock indexes hit a second consecutive day of record highs while the Toronto stock market continued its six-day rise, continuing a post-U.S. election rally.
On Wall Street, the Dow Jones industrial average recorded its third consecutive record-breaking day, advancing 142.04 points to 19,756.85.
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,312.20, up 17.00 points):
FRANKFURT - Shares in troubled Italian bank Monte dei Paschi di Siena plunged Friday following news reports that the bank's request for more time to raise new capital from investors had been rejected by regulators. But the bank said it hadn't received official notification and was planning to hold another board meeting on Sunday.
MPS, as Monte dei Paschi di Siena is known, had been given until the end of the month to raise 5 billion euros ($5.4 billion) in capital. The bank asked the European Central Bank for a delay until Jan. 20 due to political uncertainty ushered in by the resignation of Prime Minister Matteo Renzi this week.
NEW YORK - U.S. stocks rose for the sixth day in a row Friday as major indexes continued to set records. The biggest gains went to companies that have been mostly left out of the post-election rally, including health care companies and makers of household goods.
Stocks were solidly higher throughout the day and jumped an hour before the close of trading. Coca-Cola and Pfizer both gained 2.5 per cent. Investors have mostly avoided consumer goods makers and health companies in recent weeks. Instead they've bought banks and machinery companies, which could benefit more from a faster-growing economy.