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.
Editing by Dan Grebler; and Peter Galloway