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Traders work on the floor of the New York Stock Exchange Feb. 10, 2014. (BRENDAN MCDERMID/REUTERS)
Traders work on the floor of the New York Stock Exchange Feb. 10, 2014. (BRENDAN MCDERMID/REUTERS)

The close: TSX ends flat session, traders await Fed comments Add to ...

The Toronto stock market closed little changed while traders looked for direction following volatile trading last week.

The S&P/TSX composite index edged up 7.68 points to 13,794.18.

The Canadian dollar was 0.13 of a cent lower at 90.46 cents (U.S.).

New York’s Dow Jones industrials rose 7.71 points to 15,801.79, the Nasdaq was ahead 22.31 points to 4,148.17 while the S&P 500 index climbed 2.82 points to 1,799.84.

The TSX and the Dow both racked up modest gains last week in the wake of U.S. employment data that showed the unemployment rate dropped last month to its lowest rate since the global financial crisis hit in late 2008. Also, labour force participation increased.

But on the way to that gain, markets were volatile amid discouraging manufacturing data from the U.S. and China. There was also nervousness about the problems some emerging markets are having in adapting to a world no longer awash in cheap money courtesy of stimulus from the U.S. Federal Reserve.

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