TORONTO – Canada’s main stock index fell one per cent Friday, led by industrials, utilities and base metals, while U.S. markets retreated as both countries released new information about their job markets.
The S&P/TSX composite index closed down 222.10 points at 22,007.00.
In New York, the Dow Jones industrial average was down 87.18 points at 38,798.99.The S&P 500 index was down 5.97 points at 5,346.99, while the Nasdaq composite was down 40.00 points at 17,133.13.
The latest report on the U.S. labour market showed that the country added 272,000 jobs in May, an acceleration from April, even as the unemployment rate edged higher.
“The jobs report came in much stronger than expected. And of course, that implies that there’s significant wage pressure on the U.S. economy,” said Andrew Buntain,…
