Futures for Canada’s main stock sunk in a broad decline on Friday, but crude oil prices rebounded from losses, and gold rallied. Statistics Canada said employment rose as the economy added 22,000 jobs in February. The unemployment rate held steady at five per cent last month, near record lows.
Oil prices fell for a fourth session and were heading for their biggest weekly loss in five weeks as fears persist about the prospect of steep interest rate hikes in the United States hitting fuel demand.
Today in the Markets
The Canadian dollar traded for 72.27 cents US, compared to 72.30 cents US on Thursday.
US crude futures traded $1.03 higher at $76.75 a barrel, and the Brent contract gained $1.24 to $82.83 a barrel.
The price of gold was up 30.00 to US$1,867.40.
In world markets, the Nikkei was down 479.18 points to 28,143.97, the Hang Seng was down 605.82 points to 19,319.92, the FTSE was down 131.63 points to 7,748.35, and the DAX was down 205.24 points to 15,427.97.
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