CANADA STOCKS-TSX falls on economic worries, weak resources

Fri Feb 5, 2010 10:59am EST
 
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* TSX skids 0.6 percent to 11,061.85

* Mixed U.S. jobs data, European debt worries weigh

* Canada adds 43,000 jobs in Jan, unemployment rate dips

* Bombardier, Brookfield among key advancers (Adds details)

By Ka Yan Ng

TORONTO, Feb 5 (Reuters) - Toronto's main stock index fell on Friday to its lowest level since early November, as concern over the financial well-being of some European countries worried investors.

Euro zone sovereign debt problems continued to hang over the market, putting a stranglehold on risk appetite, despite a drop in Canada's unemployment rate and a surprising 43,000 jobs added to the recovering economy. [ID:nN05253705]

But a mixed U.S. jobs report kept pressure on already lower global stock markets. U.S. employers unexpectedly cut 20,000 jobs in January, though the unemployment rate fell to a five-month low of 9.7 percent, according the U.S. Labor Department. [ID:nN04115255]

Banks, which are often a play on broader global economic concerns, were among some of the weakest of the heavyweight decliners, despite the positive Canadian jobs data.   Continued...