* 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.