Markets

TSX Sheds 37 Points at Midday, Hurt By Jobs Data; Energy Weighed Down By Weak Gas Prices

The Canadian main stock index has been in the red since morning and fell 37 points at midday, reaching 14508.93.

Sentiments were weighed down by the recent jobs report that revealed Canada is adding jobs at a slower pace compared to the U.S., even losing 28,900 jobs in April. Also dragging the commodity-sensitive TSX down were weak natural gas prices .

Gas prices fell more than 1%, sending energy stocks dropping 1.2% to be the weakest among major sectors. Miners, down 0.4%, were a distant second, with the price of silver slipping 0.3%. The heavyweight financial sector came in third, down 0.3%.

In the positive territory, healthcare was in the lead, up 0.4%. Telecom and utilities gained 0.3% and 0.1%, respectively.

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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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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