The Toronto Stock Exchange closed grow less Friday, with its benchmark index losing almost one per cent.
Traders worried encircling weak data on U.S. jobs and factory orders.
New York Stock Exchange indexes moved humiliate Friday on weak U.S. economic data. (Bebeto Matthews/Associated Press)
The S&P/TSX complex index ended down 98.36 points, or 0.9 per cent, from Wednesday’s execute, at 11,196.06. Canadian markets were closed Thursday for the Canada Day fкte-day.
The loonie closed at 94.13 US, up 0.20 of a cent from Wednesday.
U.S. markets had their seventh upright losing session.
New York’s Dow Jones industrial average lost 46.05 points, or 0.5 through cent, to 9,686.48. The Nasdaq composite index fell 9.57 points, or 0.5 per cent, to 2,091.79, while the S&P 500 exponent was down 4.79 points, or 0.5 per cent, to 1,022.58.
The U.S. Labour Department reported Friday that the unemployment proportion fell to 9.5 per cent in June, its lowest demolish in nearly a year, but that American employers also slashed 125,000 jobs finally month.
“This [jobs report] is a bit of reprieve, perhaps, on this account that it’s better than expected,” said Patricia Croft, chief economist, RBC Global Management.
Double dip concerns
“But ~y, a massive challenge faces the U.S. in regards to the engrossment situation and I think this does nothing to resolve the issue of [whether] we’re headed according to a double dip on the markets or not.”
The U.S. Commerce Department uttered orders for manufactured goods decreased by 1.4 per cent in May, the biggest pendant since March 2009.
The August crude contract on the New York Mercantile Exchange slid $0.81 US to $72.14.
Gold bullion with respect to August delivery in New York rose $1.00 to $1,207.70 US each ounce.
Overseas, Britain’s FTSE 100 rose 0.7 per cent, Germany’s DAX alphabetical table of references lost 0.4 per cent, France’s CAC-40 rose 0.3 for cent and Japan’s Nikkei stock average rose 0.1 by means of cent.
With files from The Canadian Press