John Stephenson

John Stephenson: The S P/TSX composite index ran up 80.32 points to 13,280.72 after the U.S. Labor Department reported that 203,000 jobs were created during November, on top of a revised 200,000 in October, while the jobless rate fell 0.3 of a point to seven per cent. Economists had expected a gain of around 180,000, according to Huffington Post. "The yin and the yang of it is, on the one hand, great numbers, great reports, but on the other hand, is this bringing on the day of tapering sooner rather than later?'' said John Stephenson, a portfolio manager at First Asset Funds Inc and TORONTO North American stock markets closed sharply higher Friday as a stronger than expected U.S. employment report trumped worries that the Federal Reserve might start to cut back on stimulus sooner than expected. The Dow Jones industrials surged 198.69 points to 16,020.2, the Nasdaq rose 29.36 points to 4,062.52 while the S P 500 index climbed 20.06 points to 1,805.09. (www.immigrantscanada.com). As reported in the news.