By 10:07 a.m. ET (1407 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 0.15%, while the energy index slid 0.7% after declining nearly 7% this week. [O/R]
Concerns that economic growth in China and the United States was beginning to slow have hammered equities and commodities prices this week and knocked the trade-reliant Canadian stock index off record highs.
Financial services, another heavyweight Canadian sector, is tracking its worst week since January.
Gregory Taylor, portfolio manager at Purpose Investments, said Canada had a greater exposure to economically-sensitive sectors and "so has really been hit harder than others on the fear that the fourth (COVID-19) wave is going to cause a slowdown in the reopening."
U.S. equity markets rebounded on Friday from steep declines earlier in the week. [.N]
Meanwhile, domestic data showed Canada's retail sales jumped 4.2% in June, led by higher sales at clothing and accessories stores.
* The largest percentage gainers on the TSX were Lithium Americas Corp , and luxury parka maker Canada Goose Holdings Inc , both rising 2%.
* Lumber producer Canfor Corp fell 3.2%, the most on the TSX, while the second-biggest decliner was MAG Silver Corp, down 2.5%.
* The most heavily traded shares by volume were Sun Life Finl, Fortis Inc and Hexo Corp .
* The TSX posted 11 new 52-week highs and three new lows.
* Across all Canadian issues there were 65 new 52-week highs and 17 new lows, with total volume of 33.73 million shares.
(Reporting by Amal S in Bengaluru; Editing by Saumyadeb Chakrabarty)
By Amal S