• TSX +2.90 to 13,406.00 (CP)
Lost most of its early gains and closed barely ahead at the end of trading due to losses in telecom and industrial stocks.
• DOW +93.47 to 12,719.49
Payroll firm ADP reported that the American private sector created 157,000 jobs last month. Economists had expected the economy to crank out a total of 90,000 jobs.
• Dollar +.75c to 104.31c USD the highest close since May 10.
• Oil +$2.02 to $98.67USD per barrel
The market found support from energy stocks as oil prices got a boost from positive American employment news.
• Gold +$1.40 to $1530.60 USD per ounce
The spread (based on the MERIX 5 yr published rate of 3.94%) is now back within the comfort zone at 1.60.
The spread based on the quick close of 3.74% is now at the very bottom of the comfort zone at 1.40
