TSX down as falling gold prices limits gains

TORONTO — The Toronto stock market was slightly lower Friday morning, pressured by gold stocks as bullion prices fell sharply amid further easing of tensions in the Ukraine-Russia standoff.The S&P/TSX composite index dipped 4.38 points to 15,286.8, as traders also digested jobs data that blew past expectations.The Canadian dollar was up 0.28 of a cent to 92 cents US as Statistics Canada reported that the economy added 42,000 positions last month. Economists had generally expected that about 20,000 jobs were created during July.The federal agency had said earlier this week that it had discovered an error in its jobs data originally released last Friday, showing the economy added a meagre 200 jobs.U.S. indexes also advanced with the Dow Jones industrials ahead 43.99 points to 16,757.57, the Nasdaq gained 27 points to 4,480 and the S&P 500 index rose 6.53 points at 1,961.71.Russia let Ukrainian officials inspect an aid convoy on Friday and agreed to let the Red Cross distribute the aid around the rebel-held city of Luhansk. The move dispelled Ukrainian fears that the aid operation was a ruse to get military help to separatist rebels.

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