The Toronto stock market was down along with the S&P 500 on Friday morning as the latest US employment numbers showed weaker than expected numbers for June, bringing the whole soft patch back into the limelight.
The S&P 500 was down 14 points to 1338, Canadian stocks were down for the ride, the S&P/TSX Composite Index approached noon off 42.43 points to 13,355.
Giving some lift to Toronto stocks was the the gold sector as buyers of the yellow metal kept the pressure on for the 4th day in row. Two of the bigger gold names on the TSX, Barrick Gold Corp was up to $44.63 and Goldcorp saw a rise to $48.74.
The Canadian economy remains relatively stronger with 28,000 jobs created last month, the Canadian unemployment rate holding flat at 7.4%.
The big story is the NFP number on the US side, the jobs report showed the U.S. economy created 18,000 jobs in June, a big miss from the 120,000 jobs that a survey of 27 economists had forecast.