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S&P/TSX composite notches slight gain, U.S. stock markets down on strong jobs data

An index screen at the TMX Market Centre in downtown Toronto is photographed on Nov. 11. Investors had few places to hide this year as Canada's main stock index tumbled after hitting an all-time high in the spring and bond markets took a beating as central bankers raised interest rates as they waged their fight against inflation. Tijana Martin/The Canadian Press

Canada’s main stock index managed a slight gain on a day that saw markets swing notably following the release of better-than-expected jobs data in the U.S., which left markets in the U.S. down by day end as investors plan for more rate hikes ahead.

The S&P/TSX composite index closed up 17.90 points at 20,758.34.

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In New York, the Dow Jones industrial average was down 127.93 points at 33,926.01. The S&P 500 index was down 43.28 points at 4,136.48, while the Nasdaq composite was down 193.86 points at 12,006.96.

The Canadian dollar traded for 74.68 cents US compared with 75.12 cents US on Thursday.

The March crude oil contract closed down US$2.49 per barrel at US$73.39 and the March natural gas contract was down five cents at US$2.41 per mmBTU.

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The April gold contract was down US$54.20 at US$1,876.60 an ounce and the March copper contract was down a 3.5 cents at US$4.07 a pound.

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