(Updates throughout with market reaction, details on labor
data)
* TSX down 110.39 points, or 0.83 percent, to 13,131.5
* Nine of the TSX's 10 main groups fall
By Solarina Ho
TORONTO, Oct 2 (Reuters) - Canada's main stock index fell
more than 1 percent on Friday, following disheartening labor
market data for September that has cast doubt on the strength of
the economy of Canada's biggest trading partner.
The U.S. Federal Reserve had said it was on track to raise
interest rates before the end of the year, marking the first
rate hike in nearly a decade. The latest data, however, showed
hiring outside of farming rose by 142,000, well below the
203,000 growth economists polled by Reuters had expected. August
figures, which had already been below expectations, were revised
lower still. ID:nLNN2LEBGC ECONUS
The numbers marked the smallest two-month job gain in more
than a year and could spur concerns about the impact of a global
economic slowdown on the United States.
The TSX's declines mirrored Wall Street, which saw all three
main indices giving back more than 1 percent.
At 10:46 a.m. ET (1446 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 110.39 points, or 0.83
percent, to 13,131.5. The TSX fell as low as 13,086.39.
Materials, home to mining and other resource firms, was the
lone gainer among the index's 10 main sectors, with gold miners
leading the group's 3.1 percent rally.
Financials were the heaviest drags on the TSX, and shed 2.5
percent, with eight of the 10 heftiest losers falling within the
group.
Royal Bank of Canada RY.TO tumbled 3.4 percent to C$71.08,
and Bank of Nova Scotia BNS.TO dumped 2.5 percent to trade at
C$56.92.
On the upside, eight of the 10 most influential gainers were
mining companies, with rallies ranging from 4.7 to more than 8
percent at mid morning. Agnico Eagle Mines AEM.TO surged 8.6
percent to C$35.57.
Declining issues outnumbered advancing ones on the TSX by
154 to 85, for a 1.81-to-1 ratio on the downside. The index was
posting 1 new 52-week highs and 11 new lows.