TORONTO — Losses in the energy sector led Canada’s main stock index lower on Friday, while U.S. stock markets rose to new records.
Both Canada and the U.S. saw fresh jobs data today that came in weaker than expected, solidifying bets on both sides of the border for upcoming interest rate cuts.
The S&P/TSX composite index closed down 184.99 points at 22,059.03.
In New York, where markets were closed on Thursday for the July 4 holiday, the Dow Jones industrial average was up 67.87 points at 39,375.87. The S&P 500 index was up 30.17 points at 5,567.19, while the Nasdaq composite was up 164.46 points at 18,352.76.
The U.S. economy added 206,000 jobs in June. But though the headline number was slightly stronger than expected, the details revealed weakness, said Dustin Reid, vice-president and chief strategist for fixed income at Mackenzie Investments, including lower revisions for previous months as well as higher…
