Canada Shares Follow Wall Street Lower
Canada's benchmark TSE 300 fell 9.49 points to 7746.70 in quiet trading Friday, following the U.S. lower as equity markets could not capitalize on market-friendly U.S. payrolls data. The absence of earnings guidance from high-profile company EMC in the U.S., in addition to fears that a price war might emerge in the data-storage business shed a negative light on high tech stocks. Interest-rate sensitive stocks were also laggard performers as many market participants are now assuming that the period of aggressive rate cuts is over. Precious metals finished mixed, while crude futures climbed higher.
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