TORONTO (Reuters) - Canada's main stock index was little changed on Thursday as optimism spurred by a bullish U.S. jobs report was balanced by declines in natural resource shares on lower commodity prices.
Government figures showed a jump in U.S. employment growth in June and a drop in the unemployment rate, suggesting the world’s biggest economy was on its way to overcoming a winter slowdown.
“The U.S. employment situation is very strong. It’s very encouraging," said Marcus Xu, portfolio manager at MY Capital Management Corp in Vancouver. “It's a lively economic environment in the United States at the moment."
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed down 2.68 points, or 0.02 percent, at 15,207.11. It rose as high as 15,256.36, a record, earlier in the session.
The TSX is likely to have a strong second half, Xu said. “Commodities are making a bit of a comeback.”
Six of the 10 main sectors on the index were in the red on Thursday.
Financials, the index's most heavily weighted sector, climbed 0.3 percent. Royal Bank of Canada RY.TO added 0.1 percent to C$77.11, and Bank of Nova Scotia (BNS.TO) gained 0.5 percent to C$71.66.
Editing by Dan Grebler; and Peter Galloway