US Markets
BHC

TSX drops as high unemployment fuels recovery fears

Credit: REUTERS/CHRIS HELGREN

Canada's main stock index slipped on Thursday as data showed payroll jobs fell for a sixth straight month in August, while a stimulus plan from the U.S. Federal Reserve disappointed investors.

Updates with sector details

Sept 17 (Reuters) - Canada's main stock index slipped on Thursday as data showed payroll jobs fell for a sixth straight month in August, while a stimulus plan from the U.S. Federal Reserve disappointed investors.

* Canada lost 205,400 jobs in August, as hiring tumbled in the construction, and trade, transportation and utilities sectors, a report from payroll services provider ADP showed.

* At 9:54 a.m. ET (13:54 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 109.58 points, or 0.67%, at 16,186.08.

* The energy sector .SPTTEN dropped 2.0% as U.S. crude CLc1 prices were down 0.9% a barrel, while Brent crude LCOc1 lost 0.6%. O/R

* The materials sector .GSPTTMT, which includes precious and base metals miners and fertilizer companies, lost 1.9% as gold futures GCc1 fell 1.4% to $1,933.8 an ounce. GOL/MET/L

* On the TSX, 46 issues rose, while 172 issues fell in a 3.74-to-1 ratio favoring losers, with 25.60 million shares traded.

* The largest percentage gainer on the TSX was Badger Daylighting BAD.TO, which jumped 3.6%, followed by Bausch Health Cos BHC.TO that gained 2.6% after Bank of America raised its rating to "neutral" from "underperform".

* Vermilion Energy VET.TO fell 5.1%, the most on the TSX, while the second biggest decliner was Teranga Gold Corp TGZ.TO, down 4.4%.

* The most heavily traded shares by volume were Zenabis Global Inc ZENA.TO, Just Energy Group JE.TO and Nuvei Corp NVEIu.TO.

* The TSX posted one new 52-week high and no new low.

* Across all Canadian issues there were 11 new 52-week highs and six new lows, with total volume of 63.35 million shares.

(Reporting by Shashank Nayar in Bengaluru; Editing by Amy Caren Daniel and Vinay Dwivedi)

((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

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

In This Story

BHC VET

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More