Financials, Miners Lead TSX Lower Following Disappointing Canada Jobs Data; TSX Down 44 Points at Midday


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Canada's benchmark index was down for a second straight day, falling 44 points at midday on Friday, with investors disappointed in Canada's employment report for August. Miners and the heavyweight financials led the decline.

Data showed that Canada lost 11,000 jobs in August on a month-on-month basis, while the unemployment rate remained unchanged at 7%. Analysts were expecting a gain of 10,000. Job growth also slowed down in the U.S. during the month.

In stocks, miners tumbled 0.62%, with gold producer Goldcorp (G.TO) down 1.49%. Financials were a close second, shedding 0.53%, still dragged down by Manulife (MFC.TO) that slipped 0.77% on news it is buying Standard Life's Canadian operations. Energy fell 0.32%, along with crude oil and natural gas prices .

Only healthcare and industrials were in the positive territory, gaining 0.17% and 0.03%, respectively.

Trading volume was more than 112 million shares. B2Gold (BTO.TO) was the most actively traded stock.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities


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