Canada's main stock index gave back a small part of this week's rally on Friday, as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns. * The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the pandemic.
Canada's main stock index retreated on Friday as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns, overshadowing early signs of an economic rebound from the pandemic-driven slump. * At 9:33 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 9.92 points, or 0.06%, at 15,612.48.
The Canadian dollar was little
changed against its U.S. counterpart on Friday, holding on to
this week's rally as it kept to a narrow trading range with U.S.
Futures for Canada's main stock index retreated on Friday as a record surge in COVID-19 cases in the United States raised fears of another round of lockdowns, overshadowing early signs of an economic rebound from the pandemic-driven slump. September futures on the S&P/TSX index were down 0.08% at 7:00 a.m. ET. The Toronto Stock Exchange's S&P/TSX rose 0.69% to 15,622.40 on Thursday.
U.S. stocks jumped Thursday after the June employment report showed the economy added more jobs than expected, reassuring investors that the recovery is continuing. The U.S. regained 4.8 million jobs last month, while the unemployment rate ticked down to 11.1% from 13.3% in May. That marked the second consecutive month that employers added jobs since massive waves of layoffs gripped the country earlier in the coronavirus pandemic.
The Canadian dollar edged higher
against its U.S. counterpart on Thursday as domestic data
showing a narrower-than-expected trade deficit supported hopes
of economic recovery, with the loonie adding ...
U.S. stocks rose Thursday after the June employment report showed the economy added more jobs than expected, reassuring investors that the recovery is continuing. The U.S. gained 4.8 million jobs last month, while the unemployment rate ticked down to 11.1% from 13.3% in May. That marked the second month in a row that employers added jobs since massive waves of layoffs gripped the country earlier in the coronavirus pandemic.
U.S. stocks jumped Thursday after the June employment report showed the economy added more jobs than expected, reassuring investors that the recovery is continuing. The U.S. gained 4.8 million jobs last month, while the unemployment rate ticked down to 11.1% from 13.3% in May. That marked the second month in a row that employers added jobs since massive waves of layoffs gripped the country earlier in the coronavirus pandemic.
U.S. stocks jumped Thursday after the June employment report showed the economy added more jobs than expected, reassuring investors that the economic recovery is continuing. The U.S. gained 4.8 million jobs last month, while the unemployment rate ticked down to 11.1% from 13.3% in May. That marked the second month in a row that employers added jobs since massive waves of layoffs gripped the country earlier in the coronavirus pandemic.
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