• TSX -34.30 to 13,371.70 (CP)
Dragged down by resource stocks as oil and metal prices retreated amid U.S. employment numbers which reinforced fears that the American economy is stuck in a soft patch.
• DOW -62.29 to 12,657.20
• Dollar -.22c to 104.09c USD
• Oil -$2.47 to $96.20 USD per barrel
Following the American jobs report
• Gold +$11.00 to $1541.60 USD per ounce
The spread (based on the MERIX 5 yr rate published rate of 3.94%) is over the top of the comfort zone at 1.70.
The spread based on the quick close of 3.74% is now in the middle of the comfort zone at 1.50
