Todd Mattina and Analyst Expectations

economic news: The gold sector on the TSX was the biggest decliner, losing 2.3 per cent, while health care advanced the most, climbing by roughly one per cent, according to The Toronto Star. In economic news, May job data both north and south of the border exceeded analyst expectations. The S&P/TSX composite index lost 62.23 points to close at 14,957.16, while the loonie finished the day up 0.42 of a U.S. cent to 80.39 cents . The Dow Jones industrial average was down 56.12 points at 17,849.46, the Nasdaq index rose 9.34 points to 5,068.46, and the S&P 500 lost 3.01 points to 2,092.83. The Canadian economy created 58,900 jobs last month, although the jobless rate remained unchanged at 6.8 per cent as more people began searching for work. The pace of job growth in May was six times what economists had forecast, Mattina said. Todd Mattina, chief economist and strategist at Mackenzie Investments, called the data very encouraging following a weak start to the year on the employment front. (news.financializer.com). As reported in the news.