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At the open: TSX slides further on jump in U.S. jobless claims

An unexpected leap in U.S. jobless claims for last week zapped earlier enthusiasm for stocks and other economically sensitive assets this morning, sending the TSX lower at the open.

While U.S. major indexes were modestly positive, the Canadian benchmark index dipped into the red, adding to its 259-point loss on Wednesday, as selling pressure in materials stocks - and especially energy - resurfaced.