Skip to main content

The Globe and Mail

At the open: Stocks gain after U.S. jobs report

Traders work on the floor of the New York Stock Exchange August 2, 2012.


The Toronto stock market moved higher shortly after the open as commodity prices gained traction and a U.S. jobs report beat expectations.

The S&P/TSX composite index lifted 138.16 points to 11,644.66.

The July labour report came in higher than expected, with total U.S. nonfarm payrolls up by 163,000, better than the 100,000 gain that was projected. The unemployment rate rose to 8.3 per cent, up 0.1 per cent.

Story continues below advertisement

On Wall Street, the Dow Jones industrial average increased 167.37 points to 13,046.25 and the broader S&P was up 18.55 points to 1,383.55. Nasdaq gained 37.60 points at 2,947.37.

In commodities, the September crude contract on the New York Mercantile Exchange lifted $2.58 to $89.71 (U.S.) a barrel. August gold rose $5.90 to $1,596.60 an ounce.

The Canadian dollar rose 0.68 of a cent to 99.97 cents (U.S.) after briefly touching parity earlier in the morning.

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Please note that our commenting partner Civil Comments is closing down. As such we will be implementing a new commenting partner in the coming weeks. As of December 20th, 2017 we will be shutting down commenting on all article pages across our site while we do the maintenance and updates. We understand that commenting is important to our audience and hope to have a technical solution in place January 2018.

Discussion loading… ✨