TORONTO — Canada’s main stock index fell more than 300 points Friday despite strength in energy stocks as the price of oil climbed, while U.S. stock markets also fell as investors reacted to the latest labour market reports.
TORONTO — Canada’s main stock index fell more than 300 points Friday despite strength in energy stocks as the price of oil climbed, while U.S. stock markets also fell as investors reacted to the latest labour market reports.
The S&P/TSX composite index closed down 305.63 points at 24,767.73.
In New York, the Dow Jones industrial average was down 696.75 points at 41,938.45. while the Nasdaq composite was down 317.25 points at 19,161.63. The S&P 500 index was down 91.21 points at 5,827.04.
Fresh labour market data in both Canada and the U.S. came in hotter than expected Friday.
For Canada, that’s good news, said Ilana Schonwetter, investment advisor and portfolio manager at Blueshore Financial….
