Easing metal prices weighed on Canada’s resource-heavy main stock index in Friday trading.
Gains in the financial sector couldn’t help keep its head above water. A record drop in monthly jobless rate reinforced the case for a 75-basis-point rate hike by the central bank next week.
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Following its own stronger-than-expected jobs data, Wall Street’s main indexes moved to a split close, as the news added to expectations of another big rate hike by the U.S. Federal Reserve coming later this month.
The Labor Department’s report showed nonfarm payrolls rose by 372,000 jobs last month, much higher than estimates. It also found that the jobless rate remained near pre-pandemic lows at 3.6 per cent.
Today in the Markets
| TSX | 19,022.86 | -40.31 |  |
| TSXV | 615.38 | +1.18 |  |
| CSE | 267.23 | -3.89 | |
| DJIA | 31,338.15 | -46.40 | |
| NASDAQ | 11,635.11 | +13.96 | |
| S&P 500 | 3,899.38 | -3.24 | |
The Canadian dollar traded for 77.19 cents US compared to 77.06 cents US on Thursday.
US crude futures traded 1.93 per cent higher at $104.70 a barrel, while the Brent contract gained 2.18 per cent to $106.90 a barrel.
The price of gold was down US$21.87 US to $1,743.33.
In world markets, the Nikkei was up 26.66 points to 26,517.19 the Hang Seng was up 82.20 points to 21,725.78, the FTSE was up 7.16 points to 7,196.24, and the DAX was up 172.01 points to 13,015.23.
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