financetom
World
financetom
/
World
/
CANADA STOCKS-TSX ends lower on profit-taking in advance of jobs data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX ends lower on profit-taking in advance of jobs data
May 7, 2026 2:13 PM

* TSX ends down 0.4% at 33,856.62

* Energy falls 1.4% as oil settles 0.3% lower

* Materials group loses 0.8%, with Nutrien ( NTR ) down 7.5%

* Technology rises 1.8%

(Updates at market close)

By Fergal Smith

May 7 (Reuters) - Canada's main stock index fell on

Thursday as investors locked in some recent gains ahead of U.S.

and Canadian jobs data, with energy shares among the biggest

decliners.

The Toronto Stock Exchange's S&P/TSX composite index

ended down 125.20 points, or 0.4%, at 33,856.62, after

notching on Wednesday its highest closing level in more than two

weeks.

"Everybody's got one eye on the war, one eye on corporate

earnings and I guess if you had a third eye it would be on the

jobs data released tomorrow," said Allan Small, senior

investment advisor of the Allan Small Financial Group with iA

Private Wealth.

"A lot of investors, perhaps, are just taking a little bit

of profit ahead of the jobs number."

Both the U.S. and Canada are due to release monthly

employment data on Friday. Economists have forecast Canada's

economy adding 15,000 jobs in April and the unemployment rate

remaining at 6.7%.

The United States and Iran are edging toward a temporary

agreement to halt their war, sources and officials said, with

Tehran reviewing a proposal that would stop the fighting but

leave the most contentious issues unresolved.

The energy sector fell 1.4% as the price of oil

settled 0.3% lower at $94.81 a barrel in volatile

trading.

Canada's oil sands have significant expansion potential, but

the basin's long-term growth outlook is dependent on the

construction of a new crude export pipeline to the Pacific

coast, the president of Canadian Natural Resources ( CNQ )

said.

Canadian Natural's shares ended 2.1% lower, while shares

of Nutrien ( NTR ) were down 7.5% even as the company reported

a rise in first-quarter profit, benefiting from higher sales and

prices across its fertilizer segments.

The materials group, which includes fertilizer

companies and metal mining shares, fell 0.8%. Industrials

lost 0.9%.

Among the bright spots was technology. It rose 1.8%, with

shares of e-commerce company Shopify Inc clawing back

some of this week's steep declines to end 5.8% higher.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GRAPHIC-Markets relieved, but France's fiscal fire still burns
GRAPHIC-Markets relieved, but France's fiscal fire still burns
Oct 15, 2025
* French markets ride high on political progress * Investor focus remains on fiscal outlook * Suspension of pension reform a longer term concern By Alun John, Dhara Ranasinghe and Stefano Rebaudo LONDON, Oct 15 (Reuters) - France's financial markets are riding a roller-coaster as the country grapples with one of its worst political crises in decades, and while sentiment...
Markets relieved, but France's fiscal fire still burns
Markets relieved, but France's fiscal fire still burns
Oct 15, 2025
LONDON (Reuters) -France's financial markets are riding a roller-coaster as the country grapples with one of its worst political crises in decades, and while sentiment is improving, the bumpy ride is not over.  French Prime Minister Sebastien Lecornu has promised to suspend a landmark pension reform until after the 2027 election, sacrificing one of President Emmanuel Macron's achievements to ensure...
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Wednesday Trading
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Wednesday Trading
Oct 15, 2025
10:35 AM EDT, 10/15/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts surged higher Wednesday morning, rising 1.58% to 2,710.28 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by education company 17 Education & Technology Group ( YQ ) and tech company Xunlei ( XNET ) , which rose...
Fed Outlook, Luxury Goods Stocks Lift European Bourses Midday
Fed Outlook, Luxury Goods Stocks Lift European Bourses Midday
Oct 15, 2025
08:01 AM EDT, 10/15/2025 (MT Newswires) -- European bourses tracked moderately higher midday Wednesday as traders weighed the outlook for a Fed rate cut and a solid earnings report by luxury-goods bellwether LVMH of Paris. Tech and retail stocks led gainers on continental trading floors, while property shares lagged. Luxury stocks gained after French upmarket-products conglomerate LVMH posted solid quarterly...
Copyright 2023-2026 - www.financetom.com All Rights Reserved