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@ the Bell: Strong job market makes for big losses

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05 January 2023 16:15 (EDT)

Canadian markets fought a hard battle today before closing with a loss. Large-cap sectors had a mix of gains and losses, with base metals as today’s strongest division and information technology taking the biggest loss.

Down in the U.S. markets, the losses were prominent as the labour market continued to hold up stronger than predicted.

Today in the Markets

TSX 19,506.84 -81.99
TSXV 571.12 -1.94
CSE 200.84 +3.98
DJIA 32,930.08 -339.69
NASDAQ 10,305.24 -153.52
S&P 500 3,808.10 -44.87

The Canadian dollar traded for 73.65 cents U.S., compared to 74.17 cents U.S. on Tuesday. 

U.S. crude futures traded $0.25 higher at $73.65 a barrel, and the Brent contract went up $0.64 to $78.66 a barrel. 

The price of gold was down US$23.01 to US$1,833.42.

In world markets, the Nikkei was up 103.94 points to 25,820.80, the Hang Seng was up 259.06 points to 21,052.17, the FTSE was up 48.26 points to 7,633.45, and the DAX was down 54.47 points to 14,436.31.

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