TSX At 10am -- Down 18 Points On Disappointing US Jobs Numbers, Canadian Trade Deficit; Miners Headline Broad Decline
The TSX is down 18 points this morning, after news of disappointing US jobs numbers and an unexpected trade deficit for Canada.
Payroll firm ADP reported Wednesday that the U.S. private sector created 179,000 jobs in May, the fewest number in four months. That reading comes before Friday's release of the U.S. non-farm payrolls report for May.
Statistics Canada also reported that the country's merchandise trade balance sunk to an unexpected deficit of $638 million in April as energy exports declined. This follows a revised surplus of $766 million in March.
Miners are down 1.44%, followed by healthcare, down 0.51%.
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