(Reuters) – Canada’s main stock index fell on Friday, weighed by materials sector as gold prices took a hit and more job cuts for the first time since April due to curbs placed to stem a second wave of COVID-19 cases.
* At 9:52 a.m. ET (14:52 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 14.84 points, or 0.08%, at 18,012.73.
* Gold fell below the key $1,900 technical level on Friday and was on track for a weekly decline, pressured by gains in the dollar and Treasury yields.
* Canada lost 62,600 jobs, more than double of analysts’ expectations of a decline of 27,500, while the unemployment rate edged up to 8.6%.
* The financials sector gained 0.2%. The industrials sector rose 0.9%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 3.7% as gold futures fell 1.4% to $1,885.5 an ounce. [GOL/]
* On the TSX, 130 issues were higher, while 83 issues declined for a 1.57-to-1 ratio favouring gainers, with 33.74 million shares traded.
* The TSX posted 13 new 52-week highs and no new lows.
* Across all Canadian issues, there were 146 new 52-week highs and 7 new lows, with total volume of 76.59 million shares.
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