TSX slides as US rate-cut bets recede after strong jobs data

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By Purvi Agarwal (Reuters) – Canada’s main stock index fell on Friday, with materials shares leading the sectoral losses, after stronger-than-expected jobs data in the United States pushed investors to slash bets on a September rate cut by the U.S. Federal Reserve. At 10:04 a.m. ET (1404 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 115.92 points, or 0.52%, at 22,113.18.

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