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@ the Bell: Soft payroll report weighs on markets

Market News
04 February 2026 16:36 (EST)

(Stock image generated with AI.)

Canada’s main stock index bounced back and forth throughout the day on Wednesday. Energy stocks helped lift the TSX, supported by rising oil prices as ongoing geopolitical tensions drove investors toward safe‑haven assets.

In the US, the S&P 500 and NASDAQ slipped as traders continued shifting away from technology shares and evaluated fresh labor market data. The latest report from Automatic Data Processing showed private-sector payrolls rising by only 22,000 in January—well below the 45,000-increase expected by economists surveyed by Dow Jones. ADP’s release typically comes ahead of the Bureau of Labor Statistics’ nonfarm payrolls report, but that data will be delayed this week due to the partial government shutdown.

TSX32,571.55+182.95
TSXV1,038.48-14.24
CSE170.93+0.85
DJIA49,501.30+206.31
NASDAQ22,904.58-350.61
S&P 5006,882.72-35.09

The Canadian dollar traded for 73.12 cents US compared to 73.29 cents US on Tuesday.

US crude futures traded US$2.06 higher at US$65.27 a barrel, and the Brent contract rose US$2.13 to US$69.46 a barrel.

The price of gold was down US$42.84 to US$4,951.27.

In world markets, the Nikkei was down 427.30 points to ¥54,293.36, the Hang Seng was up 12.55 points to HK$26,847.32, the FTSE was up 106.69 points to ₤10,421.28, and the DAX was down 177.75 points to €24,603.04.


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