Canada Stocks Drop at Close

Oil stocks pull down Europe markets; Asia shares end with losses

Canada's benchmark TSE 300 closed down 57.8 points to 7,784.50. The oil sector dropped after a key energy company warned that first quarter earnings would be $11 million Canadian dollars less that expected. But it was not just the oil sector. Of the 14 subindices, 11 closed down. The focus on Friday will be on the North American employment reports. Standard & Poor's thinks the data results must meet or beat expectations in order for a stock market rebound to take place.

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