By John Tilak TORONTO (Reuters) - Canada's main stock index was little changed on Friday as a rally in shares of gold miners helped overcome worries about the health of the labor market spurred by a sluggish jobs report. Government data showed that the Canadian economy unexpectedly shed 9,400 jobs in June and the unemployment rate rose to 7.1 percent from 7.0 percent in May, underlining how employment growth has stalled despite a recovery in the United States. The Toronto stock market appeared to be consolidating after concerns over whether Canadian and U.S. corporations will be able to meet earnings expectations had weighed on investor sentiment in recent days. “There is nothing fundamental that has changed here, at least not yet,” said Marcus Xu, portfolio manager at MY Capital Management Corp in Vancouver.
via Health News Headlines - Yahoo News Read More Here..
No comments:
Post a Comment