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Stockhouse @ the Bell: TSX ends week lower on energy losses

Stockhouse Editorial
0 Comments| September 6, 2019

Canada's main stock index was weighed down by losses in the energy sector on Friday, while the loonie pushed higher after a stronger-than-expected jobs report where Statistics Canada reported the economy added 81,100 jobs last month. Meanwhile, US job growth slowed more than expected in August with a seventh straight month of declines for retail hiring. This was countered by strong wage gains, expected to support consumer spending and keep the economy expanding moderately despite rising trade tensions.

The S&P/TSX Composite Index was down 39.48 points to 16,535.33, but the TSX Venture Exchange was up 2.25 points to 588.51.

The Canadian dollar traded for 75.92 cents US compared with an average of 75.60 cents US on Thursday.

Crude oil prices were up $0.27 to $56.57.

The price of gold was down $9.75 to $1,505.65.

In U.S. markets; the Dow climbed 69.31 points to 26,797.46 the S&P 500 notched up 2.71 points to 2,978.71 and the NASDAQ lost 13.75 points to 8,103.07.

In world markets; the Nikkei jumped 114.24 points to 21,199.57 the Hang Seng rallied 113.77 points to 26,628.82, the FTSE added 6.74 points to 7,277.90, and the DAX was up another 65.30 points to 12,191.73.


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