The S&P/TSX Composite Index managed to end with a gain on Friday after spending most of the day in negative territory as investors digested another barrage of corporate earnings and a jobs report that fueled concerns about a slowing economy.Shares of Suncor Energy Inc. closed 0.68 per cent lower at $39.19, despite the release of its The company also stated it reached an agreement to sell assets in Norway in a $410-million deal and will look to sell its entire U.K. portfolio.
Eric Theoret, global macro strategist at Manulife Investment Management, said this jobs data is “eye-catching for not only market but policy makers as well.”Eric Theoret, global macro strategist at Manulife Investment Management, joins BNN Bloomberg to discuss the latest jobs data out of Canada and the U.S. Theoret says Canadian economy is showing signs of shrinking; meanwhile, the U.S. economic pace remains strong. He adds solid data out of the U.S.
The U.S. Labor Department reported the U.S. economy added 528,000 jobs last month, more than double economists’ expectations of 250,000 new positions.
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