Toronto gets a slight kick from US jobs data, despite slower growth at home
Posted By admin on February 4, 2012
Fri 1:48 pm by Deborah Sterescu
Toronto’s main market rose Friday afternoon on positive US jobs data, despite the fact that Canada’s economy saw far worse than expected job figures.
As of 1:15pm ET, the S&P/TSX Composite was up 30.79 points, or 0.25%, to 12,584.27, while the more junior S&P/TSX Venture Composite rose 7.51 points, or 0.45%, to 1,668.08.
The US created 243,000 jobs in January, according to the latest figures from the US Labor Bureau, with the unemployment rate easing down to 8.3 percent from 8.5 percent, the lowest since February 2009.
The 243,000 increase in payrolls was the most since April and exceeded all forecasts in a Bloomberg survey by a wide margin.
December jobs data was also revised up to 203,000 jobs and November payrolls revised up to 157,000.… Read more.....
