<ul><li>The TSX Composite closed higher on Friday, but failed to make up for losses earlier in the week.</li><li>Communications and utility sectors led the gains, while gold and energy sectors performed poorly.</li><li>Greater Toronto area home sales declined for the third consecutive month.</li><li>On Wall Street, stocks surged on a softer-than-expected April jobs report, with strong quarterly reports from major companies boosting investor confidence.</li></ul>

TSX Sags to Begin May, Despite Friday Gains

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