Nortel Leads Canada Shares Lower

Europe shares tumble; Hong Kong's Hang Seng inches lower

The TSE 300 spent the day in negative territory and closed with a 62.9 point loss to 7955.5. The drop in Nortel and in the U.S. indices plus natural caution ahead of the U.S. employment report all contributed. The focus Friday morning will be on this key data. Given the bearish technical posture, even if the data is received favorably the best the TSE 300 will manage is a one day pop, then back down Monday.

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