CANADA STOCKS-TSX drops after U.S. jobs data; banks, industrials fall

Fri Jan 9, 2015 11:18am EST
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* TSX down 66.67 points, or 0.46 percent, at 14,391.05

* Eight of the 10 main index sectors decline

* Gold-mining shares jump 3.5 percent

By John Tilak

TORONTO, Jan 9 (Reuters) - Canada's main stock index fell on Friday after a mixed U.S. payrolls report fueled declines in financial and industrial shares.

The U.S. data showed nonfarm payrolls increased in December and the unemployment rate fell to 6-1/2 year low, but a drop in wages left investors fretting.

The index did receive support from the bullion price, which was boosted by a drop in the U.S. dollar after the data, and spurred a jump in gold-mining shares.

Crude prices were in negative territory, with concerns rising about the impact of the price drop on oil companies and their production plans. The commodity has shed about 55 percent of its value since June.

The Canadian benchmark index looked set to end the week lower due to the recent oil-price dive.   Continued...