Canada Goose whistler

August 8, 2017 Comments Off on Canada Goose whistler

Canadian stocks were lower Friday, as a disappointing U.S. jobs report and falling oil prices spooked investors after strong gains in the previous session.The TSX Composite was up 27.16 points, or 0.18 percent, to 15,442.75.On the economic front this morning, the U.S. generated only 138,000 new jobs in May and employment growth earlier in the spring was revised downward. The unemployment rate dropped to 4.3% as the workforce shrank.Canada’s merchandise trade balance with the world narrowed to a $370 million deficit in April, Statistics Canada said. Exports rose 1.8% while imports were up 0.6%. Canada posted its largest trade surplus with the U.S. since 2014.Looking at corporate news, Lululemon Athletica Inc. (LULU) released a profit for its first quarter that increased 8% compared to the same period last year, beating expectations. The company is closing 40 Ivivva stores. Shares jump 12.2 percent.

Jacket maker Canada Goose (GOOS.TO) reported a smaller-than-expected quarterly loss in its first quarter since its market debut. Shares surged up 15.7 percent.Cardinal Energy Ltd (CJ.TO) dropped 8 percent after company agreed to buy assets from Apache Corp. for $330 million.Energy stocks lost 1.8 percent. Crude oil futures fell further Friday, extending weekly losses amid industry figures showing U.S. drillers added rigs for the 20th week in a row.The oil-rig count rose by 11 to 733, the biggest jump in almost two months, Baker Hughes’ weekly report showed.July WTI fell 70 cents, or 1.5%, to settle at $47.66/bbl. Prices dropped 4.3% this week.Gold prices rose Friday, extending weekly gains after the disappointing U.S. jobs report dashed any speculation of three more rate hikes in 2017.

The Labor Department said non-farm payroll employment rose by 138,000 jobs in May after climbing by a downwardly revised 174,000 jobs in April.Economists had expected an increase of about 185,000 jobs compared to the jump of 211,000 jobs originally reported for the previous month.Under Armour’s status as the golden child of athletic retail may be ending.The company’s shares were crashing by as much as 20% on Tuesday after earnings showed global weakness — especially in North America. Profits also eroded, a sign that more shoppers were unwilling to pay full price for Under Armour.Revenue in North America came in at $1.3 billion, less than Wall Street’s estimate of $1.4 billion.