The S&P/TSX composite index edged up 7.68 points to 13,794.18, as traders also took in acquisition activity over the weekend while the Canadian dollar fell 0.13 of a cent to
U.S. indexes generally eked out minor gains as the Dow Jones industrials rose 7.71 points to 15,801.79, the Nasdaq was ahead 22.31 points to 4,148.17 and the S&P 500 climbed 2.82 points to 1,799.84.
The TSX and the Dow both advanced about 0.6 per cent last week as the U.S. unemployment rate dipped to 6.6 per cent from 6.7 per cent _ the lowest rate since the global financial crisis hit in late 2008 _ even as labour force participation increased.
But on the way to that gain, markets were volatile amid discouraging manufacturing data from the U.S. and
"We're lacking a bit of direction," said
"The data will, in fits and starts, provide some of that direction but we had the big decline (early) last week, we had a rally and got everything condensed into a couple of trading days and now the market is taking a step back."
Analysts thought Friday's jobs data was strong enough to allow the Fed to continue reducing its bond purchases. It has already cut its purchase to
Despite that expectation, investors are also looking ahead to comments from the new Federal Reserve chair,
The TSX gold sector ran ahead about 3.33 per cent in advance of earnings from several major miners this week while April gold rose
The base metals sector was up 0.16 per cent with March copper down
The energy sector was the leading decliner, down 0.62 per cent even as March crude on the
On the corporate front,
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