Canadian stock markets staged a partial recovery Friday after sliding five per cent in the previous five trading sessions, as crude oil hit year another record high and gold surged on U.S. dollar weakness.
U.S. markets continued their descent, with the Dow Jones industrials on the brink of their worst June in 78 years.
The S&P/TSX composite index rebounded 63.07 points, or 0.4 per cent to 14,355.21 Friday, trimming losses for the week to 1.5 per cent.
The S&P/TSX venture composite climbed 40.03,points or 1.5 per cent, to 2593.40, to end the week down 0.9 per cent.
On Wall Street, the picture was much more bleak.
The Dow fell 106.91 points, or 0.9 per cent, to 11,346.51, bringing its losses for the week to 4.1 per cent.
The S&P 500 slid 4.77, or 0.4 per cent, to 1,278.38, ending the week lower by three per cent.
The Nasdaq composite was off another 5.74, or 0.3 per cent, to 2,315.63, down 3.8 per cent from a week ago.
With just one trading session remaining for the month, the Dow has fallen 10 per cent in June, plunging nearly 1300 points.
Barring a dramatic turnaround Monday, this will be the benchmark's worst on record June since 1930.