(Updates to close)
Aug 15 (Reuters) - Canada's main stock index closed flat
on Friday as investors keenly watched a high-stakes meeting
between U.S. President Donald Trump and Russian leader Vladimir
Putin on a potential path to ending the war in Ukraine.
Trump and Putin met face-to-face in Alaska on Friday
afternoon. Markets are hoping the meeting could pave the way for
a resolution to the Ukraine conflict and determine the outlook
for crude prices.
The Toronto Stock Exchange's S&P/TSX composite index
was down 10.50 points, or 0.04%, at 27,905.49. The
index gained 0.5% in the week.
South of the border
, blue-chip Dow Jones ended higher after hitting an intraday
record high, but other Wall Street indexes slipped as mixed data
clouded the Federal Reserve's next monetary policy move.
Among TSX sub-indexes, healthcare rose 4%,
boosted by an 11% jump in Bausch Health Companies ( BHC ).
Materials rose 0.8%, while energy stocks
fell 0.2%.
"Short-term investors are hoping at least the meeting brings
some kind of ceasefire or at least has continuous talks as we're
moving towards the end of the summer," said Michael Constantino,
CEO at Webull Canada.
Meanwhile, Air Canada's ( ACDVF ) unionized flight attendants
threatened to go on strike just before 1:00 a.m. ET on Saturday
with the country's largest air carrier warning it would cancel
500 flights by the end of the day. Its shares were up about
0.6%.
Data on Friday showed Canadian factory sales grew 0.3% in
June from May, led by petroleum, coal and food products, while
wholesale trade rose 0.7% on gains in food, beverage and
tobacco.
South of the border, retail sales rose by an expected 0.5%
in July, but a spike in import prices raised concerns that U.S.
tariffs could fuel inflation in the months ahead.