The Toronto stock market tumbled Friday as a fifth-straight month of job creation in Canada was trumped by a U.S. employment report that widely missed expectations and made it clear that the economic recovery isn't picking up the momentum that investors have been counting on.
The S&P/TSX composite index fell 242.27 points to 11,569.61, while the TSX Venture Exchange lost 18.25 points to 1,464.92.
Statistics Canada reported that 24,700 jobs were created in May. Economists had expected a modest increase of 15,000 after almost 109,000 jobs were created in April. (more)
No comments:
Post a Comment