CANADA STOCKS-TSX slides as soft jobs data casts doubt on U.S. economy

Fri Oct 2, 2015 11:06am EDT
 
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(Updates throughout with market reaction, details on labor data)

* TSX down 110.39 points, or 0.83 percent, to 13,131.5

* Nine of the TSX's 10 main groups fall

By Solarina Ho

TORONTO, Oct 2 (Reuters) - Canada's main stock index fell more than 1 percent on Friday, following disheartening labor market data for September that has cast doubt on the strength of the economy of Canada's biggest trading partner.

The U.S. Federal Reserve had said it was on track to raise interest rates before the end of the year, marking the first rate hike in nearly a decade. The latest data, however, showed hiring outside of farming rose by 142,000, well below the 203,000 growth economists polled by Reuters had expected. August figures, which had already been below expectations, were revised lower still.

The numbers marked the smallest two-month job gain in more than a year and could spur concerns about the impact of a global economic slowdown on the United States.

The TSX's declines mirrored Wall Street, which saw all three main indices giving back more than 1 percent.

At 10:46 a.m. ET (1446 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 110.39 points, or 0.83 percent, to 13,131.5. The TSX fell as low as 13,086.39.   Continued...