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

Fri Jan 9, 2015 4:55pm EST
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* TSX down 72.80 points, or 0.5 percent, at 14,384.92

* Eight of 10 main index sectors decline

* Gold-mining shares jump 4.7 percent

By John Tilak

TORONTO, Jan 9 (Reuters) - Canada's main stock index declined on Friday as a mixed U.S. payrolls report weighed on investor sentiment and sent shares in the financial and industrial sectors lower.

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 received support from the price of bullion, which was boosted by a drop in the U.S. dollar after the data, which spurred a jump in gold-mining shares.

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

The Canadian benchmark index ended the week 2.5 percent lower.   Continued...