TSX Falls as US Jobs Data Drives Rate Hike Bets
Canadas main stock index closed lower as stronger US job growth fueled rate hike bets by the Federal Reserve. Materials and energy sectors led the declines alongside falling commodity prices.
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Canada's main stock index fell 0.33% to close Friday afternoon at 36,513.80 as material and oil stocks declined. Stronger-than-expected United States jobs data fueled investor bets on an interest-rate hike by the Federal Reserve. The weekly drop totaled 0.1% for the market.
