TSX falls on weaker gold prices but loonie rises on strong jobs report

TORONTO – Losses in the energy sector weighed on Canada’s main stock index in late-morning trading, while the loonie pushed higher after a stronger-than-expected jobs report for August.

The S&P/TSX composite index was down 14.24 points at 16,560.57.

In New York, the Dow Jones industrial average was up 75.45 points at 26,803.60. The S&P 500 index was up 4.67 points at 2,980.67, while the Nasdaq composite was up 7.94 points at 8,124.77.

The Canadian dollar traded for 75.92 cents US compared with an average of 75.60 cents US on Thursday, after Statistics Canada reported the economy added 81,100 jobs last month.

The October crude contract was down 75 cents at US$55.55 per barrel and the October natural gas contract was up 4.4 cents at US$2.48 per mmBTU.

The December gold contract was up US$2.80 at US$1,528.30 an ounce and the December copper contract was down 0.55 of a cent at US$2.64 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)

Read More Here...

Bookmark the permalink.