TSX falls, traders cautious ahead of U.S. jobs data
Published Thursday, July 5, 2012 5:05PM EDT
Last Updated Thursday, July 5, 2012 5:06PM EDT
TORONTO -- The Toronto stock market declined despite moves by central banks to give the global recovery some much needed assistance.
Traders were cautious ahead of the release of the June U.S. non-farm payrolls report Friday morning.
The S&P/TSX composite index lost 96.96 points to 11,816.91, but the decline followed a six-session positive run that took the TSX up five per cent. The Canadian dollar was off 0.12 a cent to 98.58 cents US.
The European Central Bank and the People's Bank of China both cut interest rates. But ECB president Mario Draghi said there are signs of slower growth and greater uncertainty in the second quarter for the eurozone.
New York's Dow Jones industrial average dropped 47.15 points to 12,896.67, the Nasdaq composite index gained 0.04 of a point to 2,976.12 while the S&P 500 index was down 6.44 points to 1,367.58.
Oil dipped 44 cents to US$87.22 a barrel.