- TSX -217.96 to 12,162.17
- Another whipsaw session after having plummeted almost 500 points earlier in the day as a stronger than expected U.S. jobs report failed to reassure investors already worried about a slowing American economy and a lack of leadership in coming to grips with the European debt crisis.
- DOW +60.93 to 11,444.61
- The announcement that 117,000 were created in July was simply not enough to brighten investors' mood. The rise was higher than the approximately 80,000 jobs that economists expected. Also, the jobless rate edged down 0.1 per cent to 9.1 per cent.
- Dollar +$.15 to 102.24 US
- Oil +$.25 to 86.88USD per barrel
- Losses a day after the TSX racked up its biggest single-session decline in more than two years, were led by sliding resource stocks amid investor sentiment that slowing economic conditions will heavily impact demand. It added up to a loss of six per cent or 783 points this week, leaving the TSX down almost 10 per cent year to date.
- Gold $-7.40 to $1648.80USD per ounce
Canadian 5 yr bond yields markets +.11bps to 1.78. The spread (based on the MERIX 5 yr rate published rate of 3.69%) is above the comfort zone at 1.91. The spread based on the quick close of 3.49% is above the comfort zone at 1.71.
