Canada's main stock index opened lower on Friday, weighed by energy stocks as oil weakened on concerns of a slowdown in fuel demand recovery due to a resurgence in coronavirus cases. * At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 26.24 points, or 0.16%, at 16,552.86.
Canada added 418,500 jobs in July, mostly in the part-time sector, and the unemployment rate fell to 10.9% as the economy continued to reopen, Statistics Canada said on Friday. Analysts in a Reuters poll had predicted a gain of 400,000 jobs and for the unemployment rate to fall to 11% from 12.3% in June.
BEIJING--China's foreign-exchange reserves rose in July for a fourth straight month amid a weakening dollar and the country's recovering export sector, official data showed Friday. The country's hoard of foreign exchange increased by $42.06 billion to $3.154 trillion at the end of July, according to data released by the People's Bank of China. Economists polled by The Wall Street Journal had expected a $30 billion rise in reserves in July.
A top U.S. biofuel industry trade group said it has cut lobbying spending as the coronavirus pandemic has slammed members eager to press demands with President Donald Trump, who hopes to win the corn-producing state Iowa in November.
Germany's industrial sector, which was battered by a lockdown imposed to slow the spread of coronavirus, expects production to increase in the coming three months, the Ifo economic institute said on Friday.
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