The Globe and Mail reports in its Saturday edition that Canada's main stock index moved lower Friday, weighed down by base metals and energy stocks as the price of oil fell, while U.S. markets cruised to close Wall Street's best week this year on a wave of postelection bets. A Reuters dispatch to The Globe says that President-elect Donald Trump is perceived as being market-friendly and pro-business, said Kevin Burkett, portfolio manager at Victoria-based Burkett Asset Management. That is why the biggest beneficiaries of this week's rally have been sectors or specific companies seen as benefiting from Mr. Trump's promised policies. "It's financials, it's energy, it's Tesla, and all of those are just continuing to run as people wrap their heads around four more years of Trump." In New York, all three major indexes reached new heights. The Dow was up 259.65 points at 43,988.99. The S&P 500 index was up 22.44 points at 5,995.54, while Nasdaq was up 17.32 points at 19,286.78. The S&P/TSX Composite Index closed down 86.53 points at 24,759.40. While the short-term effect of Mr. Trump's election on the markets is clearly positive, Mr. Burkett said it is less clear what his effect will be over the medium term.