Make Kitco Your Homepage

Toronto stocks fall as hot U.S. jobs data sparks recession fears

Kitco News

Aug 5 (Reuters) - Canada's main stock index fell on Friday, with commodity and technology stocks leading losses, after a robust jobs report in the U.S. bolstered the case for the Federal Reserve to continue its policy tightening pace amid soaring inflation.

At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 84.81 points, or 0.43%, at 19,492.23.

Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shailesh Kuber
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.