Canada Stocks-TSX trims weekly advance as tech shares decline

Canada's commodity-linked main stock index gave back a small part of its weekly gain on Friday as losses for technology offset gains for energy and metal mining shares.

The S&P/TSX Composite Index .GSPTSE ended down 29.02 points, or 0.1%, at 36,730.27, after five straight days of gains. It posted a record closing high on Thursday and a weekly gain of nearly 1%.

• "The rally in the TSX appears to be commodity driven rather than a broad-based growth driver," said Robert Gill, a portfolio manager at Fairbank Investment Management.
• "Gold is showing some leadership. After selling off in previous months it's really starting to rebound and that's helped by the U.S. dollar being weaker and the continued geopolitical uncertainty."
• Transit through the Strait of Hormuz was mostly closed and U.S. retail sales fell short of expectations, weighing on Wall Street.
• The TSX's technology sector .SPTTTK fell 2.8%, giving back almost all of the previous day's sharp gain, with shares of electronic equipment company Celestica CLS.TO down 4%.
• Air Canada's AC.TO revenue for September and October is likely to break records for the two months as more premium travelers avoid the heat and summer crowds in Europe and Japan, a senior executive said.
• Still, shares of the airline were down 1.5%, contributing to a 0.6% decline for industrials .GSPTTIN.