TSX Close: Toronto Stocks Finish Lower Despite Strong Jobs Report

By Midnight Trader,  May 11, 2012, 04:02:19 PM EDT

Canada's main stock index closed in the red today despite some positive Canadian economic news. The S&P TSX Composite Index finished 41 points lower to 11,694, gradually slipping throughout the afternoon after rising in the morning, peaking at 11,795 around midday.

StatsCan reported the Canadian economy created 58,000 new jobs in April, much better than analysts had anticipated. The strong showing followed job growth in March of 82,300.

Consumer and info tech stocks advanced, offset by losses in materials and health care issues.

Financials were slightly higher, paced by actively traded Manulife Financial (MFC.TO).

Other heavily-traded stocks included Bombardier (BBD-B.TO) and Osisko Mining (OSK.TO) which both lost ground.




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


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

North Korea Missiles Worry Ban Ki-Moon
North Korea Missiles Worry Ban Ki-M...
One Year After IPO, Facebook's Bets Could Take a Long Time to Pay Off
One Year After IPO, Facebook's Bets...
Denmark Wins Eurovision Song Contest
Denmark Wins Eurovision Song Contes...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%