TSX at 2pm: Toronto Stocks Tumble on Weak Jobs Report

By MidnightTrader.com Staff,

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The Toronto stock market was off about 150 points in afternoon trading, recovering slightly from earlier day lows, on concerns over the latest U.S. jobs report.

The U.S. Labour Department reported that the economy created 115,000 jobs during April, far less than the 160,000 expected.

Energy stocks were off more than 2% as signs of economic weakness dragged down crude oil prices, which dipped below US$100 a barrel for the first time since February.

Financials were also lower, but the gold sector advanced, paced by Goldcorp Inc. (G.TO) and Barrick Gold (ABX.TO).

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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