In Toronto, the Toronto Stock Exchange’s S & P / TSX index ended the session with a 40-point gain of 0.0.43% to 9,596. The Dow Jones rose 248 points (2.85%) to 8,943 points, while the S & P / 500 advanced 25 points (2.86%) to 930.
For its part, the Nasdaq appreciated by 38 points (2.41%) to 1647.
The Canadian dollar was worth 84.08 cents against the US dollar, an increase of 0.59 cents. Over the week, the loonie rose 5.15% against the greenback.
“There was a resurgence of life with the US elections on Monday and Tuesday, but at the end of the day, the economic outlook got the better of it and the North American indexes lost between 4% and 5% on the week. This suggests that the recovery that began at the end of October is not sustainable, ”analyzes Charles Huot, managing director, institutional equities at BMO Capital Markets.
The latter adds that the US employment data for October came as no surprise, since a few days ago, an ADP study had suggested that the figures were going to be worse than expected: “However, the more important comes from the revised data for September. The US lost 284,000 jobs during the month, far more than the 159,000 reported a month ago, ”he said.
In October, the US recorded losses of 240,000 jobs, while analysts forecast a decline of 190,000. The unemployment rate climbed to 6.5%, the highest since March 1994.
Earlier today, after a chaotic start, Asian financial centers managed to rebound slightly as investors remain pessimistic about the global economic crisis and uncertainties about the decisions that new US President-elect Barack Obama will take.
In Europe, the Footsie index of the London Stock Exchange climbed 92 points (2.17%) to 4,364. In Paris, the CAC 40 index gained 81 points (2.42%) to 3,469 while the German DAX advanced 124 points (2.59%) to 4,938.
In Tokyo, the Nikkei closed down 3.55 percent at 8,583.00 points. In Hong Kong, the Hang Seng ended the day up 3.29 percent to 14,243.43 points.
In Seoul, the Kospi index closed up 3.87 percent and the Shanghai Stock Exchange, 1.75 percent.
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