CANADA STOCKS-Weak U.S. jobs report drags TSX to 3-month trough

Mon Apr 9, 2012 4:21pm EDT

* TSX ends down 84.61 points, or 0.7 pct, at 12,018.50
    * Strong golds offset weak financials, resources
    * Unexpectedly sharp slowdown in U.S. jobs growth

    By Claire Sibonney	
    TORONTO, April 9 (Reuters) - Toronto's main stock index hit
its lowest level in more than three months on Monday following
much weaker-than-expected U.S. nonfarm payroll data on Friday,
an equity market holiday, though rallying gold miners helped
cushion the fall.	
    A mix of resources and financials were among the heaviest
decliners. Potash Corp fell 2.1 percent to C$43.94,
insurer Manulife Financial dropped 3.1 percent to
C$12.73 and Royal Bank of Canada lost 0.7 percent to
C$56.55.	
    The Toronto Stock Exchange's S&P/TSX composite index
 ended down 84.61 points, or 0.70 percent, at
12,018.50. It was the index's fourth straight session in
negative territory. The TSX is up only 0.5 percent in 2012
versus nearly 10 percent for the S&P 500.	
    On the upside, Canada's safe-haven gold miners helped
Toronto stocks outperform Wall Street on Monday. They climbed
0.7 percent as the price of bullion approached $1,650 an
ounce after the below-forecast U.S. jobs report revived hopes
for fresh monetary easing and a spike in Chinese inflation
boosted appetite for the metal. 	
    Barrick Gold Corp was up 0.7 percent to C$40.80 and
Goldcorp Inc gained 0.8 percent to C$40.93.	
    Weighing on appetite for riskier assets, data on Friday
showed U.S. nonfarm payrolls grew by 120,000 last month, far
below the median forecast gain of 203,000 jobs.
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