Despite continued growth among gold and copper prices, Canada’s main stock index sunk lower on Friday as news came in that the economy lost 1,400 jobs in June, boosting the unemployment rate to 6.4 per cent. The mining sector was the only one to log any gains on the TSX.
South of the border, the three major U.S. indexes finished this holiday-shortened trading week in a higher position. The S&P 500 rose to a new intraday high at 5,570.33.
The Canadian dollar traded for 73.33 cents U.S. compared with 73.46 cents U.S. on Thursday.
U.S. crude futures traded $0.68 lower at $83.22 a barrel, and the Brent contract lost $0.69 to $86.74 a barrel.
The price of gold was up US$31.86 to US$2,388.14.
In world markets, the Nikkei was down 1.28 point to 40,912.37, the Hang Seng was down 228.67 points to 17,799.61, the FTSE was down 37.33 points to 8,203.93, but the DAX was up 10.81 points to 18,461.29.
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(Top photo: AI-generated stock image.)