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WRAPUP 2-Canada's TSX posts biggest weekly loss since June, C$ rises after jobs gain

 (Adds economist quote, details on activity; updates prices)
    * Toronto stock market ends 1.4% lower
    * Canadian dollar rises 0.6% against the greenback
    * Canada added 245,800 jobs in August
    * Canadian bond yields rise across a steeper curve

    By Fergal Smith
    TORONTO, Sept 4 (Reuters) - Canada's main stock market index
fell on Friday, taking its weekly loss to nearly 3%, as a
selloff in high-flying technology shares continued, while the
Canadian dollar rallied as domestic jobs data added to evidence
of economic recovery.
    The Toronto Stock Exchange's S&P/TSX composite index
          closed down 1.4% at 16,218.01, after paring earlier
losses.
    It was the second consecutive day of volatile trading for
the TSX and other North American indexes, which had been on a
tear since March. For the week, the TSX was down 2.9%, its
biggest weekly decline since June.
    "The market sell-off has been driven by technology names
which have fallen in sympathy with U.S. counterparts and equity
markets in general," said Ben Jang, a portfolio manager at
Nicola Wealth. "Profit-taking is not surprising given the recent
outsized returns in technology."
    Shares of commerce platform provider Shopify Inc           ,
Canada's largest company by market capitalization, fell 4.5%.
    The information technology sector           was down 3.3%,
while the materials group            dropped 1.3% as shares of
gold mining companies lost ground.
    Gold        rose 0.2% to $1,934 an ounce, while the price of
oil       , one of Canada's major exports, settled 3.9% lower at
$39.77 a barrel as fears of a slow economic recovery from the
COVID-19 pandemic compounded worries about weak oil demand.
            
    Canada added 245,800 jobs in August, the fourth consecutive
monthly increase though the pace of gains slowed, bringing
employment within about a million jobs of pre-pandemic levels,
Statistics Canada said.             
    "Overall, a roughly-as-expected report that supports the
recovery story but also highlights the long journey faced by the
economy to return to pre-COVID levels of employment and
production," said Ryan Brecht, a senior economist at Action
Economics.        
    The Canadian dollar was trading 0.6% higher at 1.3050 to the
greenback, or 76.63 U.S. cents, clawing back much of the prior
day's decline. For the week, the loonie was up 0.4%. On Tuesday
it notched a near-eight-month high at 1.2990.        
    Strategists are growing more bullish on prospects for the
Canadian dollar as global economic activity rebounds from the
coronavirus crisis, a Reuters poll showed.             
    Canadian government bond yields were higher across a steeper
curve in sympathy with U.S. Treasuries. The 10-year            
was up 5.8 basis points at 0.597%, after hitting on Thursday its
lowest intraday level in more than three weeks at 0.518%.
    Canada's bond and stock markets will be closed on Monday for
the Labour Day holiday. The Bank of Canada is due to make an
interest rate announcement on Wednesday.

 (Reporting by Fergal Smith; Editing by Jonathan Oatis, Andrea
Ricci and Leslie Adler)
  
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