Stocks Flat Despite Oil, Marijuana Success -- Canadian Commentary

(RTTNews) - Canadian stocks were flat yet again Friday, ending a lackluster week with a characteristically uneven performance.

Strength emerged in the marijuana sector after a U.S. senator said President Donald Trump was OK with states making their own decision on legal weed pot.

The TSX Composite Index was up 4.70 points to 15,273.97.

Energy stocks rose 1.1 percent after the IEA said OPEC has re-balanced the oil markets with its supply quota plan.

"It is not for us to declare on behalf of the Vienna agreement countries that it is 'mission accomplished,' but if our outlook is accurate, it certainly looks very much like it," the IEA said of OPEC today.

WTI sweet crude was up 32 cents, or 0.5%, to settle at $67.39/bbl, for a weekly advance of 8.8%. It was the biggest weekly increase in oil prices for eight months.

Anaconda Mining (ANX.TO) commenced a takeover Bid For Maritime Resources Corp. at a 64% premium.

Aimia Inc.(AIM.TO): 22NW Fund, a major shareholder, plans to vote against the re-election of the company's board of director nominees at this month's annual meeting.