Toronto Stock Exchange's S&P/TSX composite index closed down 72.92 points, or 0.27%, at 27,314.01. For the week the index closed 1.1% higher, after hitting record highs on Thursday.

The new law is meant to bolster consumer confidence in the crypto industry, which has quickly become a major power player in Washington thanks to massive campaign donations and spending on lobbying.

Losses in industrial stocks weighed on the Toronto market as Canada's main stock index finished lower on Friday, while U.S.

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Brookfield Renewable will invest up to $1 billion and increase its equity interest in Isagen to approximately 38%As part of this transaction, QIA, an existing co-investor in Isagen, will invest ...