Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

CANADA STOCKS-TSX drops as high unemployment fuels recovery fears

Published 2020-09-17, 10:29 a/m
© Reuters.

(Updates with sector details)

Sept 17 (Reuters) - Canada's main stock index slipped on Thursday as data showed payroll jobs fell for a sixth straight month in August, while a stimulus plan from the U.S. Federal Reserve disappointed investors.

* Canada lost 205,400 jobs in August, as hiring tumbled in the construction, and trade, transportation and utilities sectors, a report from payroll services provider ADP (NASDAQ:ADP) showed. At 9:54 a.m. ET (13:54 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 109.58 points, or 0.67%, at 16,186.08.

* The energy sector .SPTTEN dropped 2.0% as U.S. crude CLc1 prices were down 0.9% a barrel, while Brent crude LCOc1 lost 0.6%. O/R

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 1.9% as gold futures GCc1 fell 1.4% to $1,933.8 an ounce. GOL/ MET/L

* On the TSX, 46 issues rose, while 172 issues fell in a 3.74-to-1 ratio favoring losers, with 25.60 million shares traded.

* The largest percentage gainer on the TSX was Badger Daylighting BAD.TO , which jumped 3.6%, followed by Bausch Health Cos BHC.TO that gained 2.6% after Bank of America (NYSE:BAC) raised its rating to "neutral" from "underperform".

* Vermilion Energy VET.TO fell 5.1%, the most on the TSX, while the second biggest decliner was Teranga Gold Corp TGZ.TO , down 4.4%.

* The most heavily traded shares by volume were Zenabis Global Inc ZENA.TO , Just Energy Group JE.TO and Nuvei Corp NVEIu.TO .

* The TSX posted one new 52-week high and no new low.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

* Across all Canadian issues there were 11 new 52-week highs and six new lows, with total volume of 63.35 million shares.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.