Coming off the worst one day drop since 1987, the Canadian Markets managed to bounce off the mat during Friday’s session. For the tale of the tape, the TSX Exchange added 5.58%, while the TSX Gold Index surged 27.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gained 1.72% with the declining issuers outpacing the advancers by a 419 to 397 margin on volume of 153 million shares traded.

It was a quiet news day during Friday trading on the Canadian markets as investors bailed out of the gold stocks and went bargain hunting for undervalued base metal plays. For the tale of the tape, the TSX exchange rallied 3.16%, while the TSX Gold Index fell 2.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.89% with the declining issuers inching past the advancers by a 444 to 419 margin on good volume of 169 million shares traded.

The volatility continued during Friday’s trading session on the Canadian markets as dropping oil and bullion prices impacted the resource heavy big board but the smaller stocks managed to hold their own.

The big board started the week off in fine form but the junior bourse continued to face a lack of buyers as the traditional summer slowdown hit full stride during Monday trading on the Canadian markets.