Gains in mining and energy shares on Canada’s main stock index were countered declines across the rest of the marketplace in Toronto.
Shares in the industrial sector led the drop on the TSX, and the tech sector ended lower for another session, far from its run leading the market. Statistics Canada reported that the employment increased by 76,000 (+0.4 per cent) last month and the unemployment rate declined 0.1 percentage point to 6.6 per cent.
A similar jobs report south of the border showed 143,000 jobs were added in January, but the unemployment rate fell to 4 per cent from 4.1 per cent. US markets also fell hard, no thanks to Amazon (NASDAQ:AMZN) who lost 4 per cent after admitting Q1 2025 revenue growth will between 5 per cent to 9 per cent — its weakest growth on record.
The Canadian dollar traded for 70.00 cents US compared to 69.91 cents US on Thursday.
US crude futures traded $0.36 higher at US$70.97 a barrel, and the Brent contract rose $0.31 to US$74.60 a barrel.
The price of gold was up US12.23 to US$2,862.91.
In world markets, the Nikkei was down 279.51 points to ¥38,787.02, the Hang Seng was up 241.92 points to HK$21,133.54, the FTSE was down 26.75 points to ₤8,700.53, and the DAX was down 115.42 points to €21,787.00.
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(Top image generated with AI.)