CANADA STOCKS-TSX nears one-month high as natural resources jump
* TSX up 95.52 points, or 0.66 percent, at 14,658.90 * Six of 10 main index sectors decline * Gold miners jump 3.3 percent, energy shares rise 2 percent By John Tilak TORONTO, Nov 7 (Reuters) - Canada's main stock index reached its highest in almost a month on Friday as shares of natural resource producers strengthened with commodity prices and positive Canadian jobs data boosted overall sentiment. The Canadian economy unexpectedly added 43,100 jobs in October and the unemployment rate dropped to a near six-year low of 6.5 percent. South of the border, it was a mixed picture as data showed that U.S. jobs growth missed expectations in October, but the unemployment rate dropped to a six-year low. Despite Friday's gains, the benchmark TSX has not rebounded from the recent equity selloff to hit record levels like its U.S. peers have. "Canada has not bounced back as strongly. There's still a lot of pressure on oil," said Kevin Headland, director, portfolio advisory group, at Manulife Asset Management. "Value investors are starting to pick up oil companies and realizing that there is probably more upside at this price than there is downside," he added. The Toronto Stock Exchange's S&P/TSX composite index was up 95.52 points, or 0.66 percent, at 14,658.90. Six of the 10 main sectors on the index were in the red. Shares of energy producers jumped 2 percent. Canadian Natural Resources Ltd gained 2.6 percent to C$40.77, and Suncor Energy Inc was up 2 percent at C$39.28. The gold-mining sector advanced 3.3 percent, reflecting stronger bullion prices. Barrick Gold Corp added 3.4 percent to C$13.41, and Goldcorp Inc rose 3.5 percent to C$21.95. Shares of Cameco Corp surged 8.8 percent to C$20.81, rising with other uranium producers such as Paladin Energy, UR-Energy and Uranerz Energy Corp , after Japan moved closer to restarting two nuclear reactors. Japan's nuclear industry has been stalled for more than three years after the Fukushima disaster led to the shutdown of its fleet of reactors. (Additional reporting by Rod Nickel in Winnipeg; Editing by James Dalgleish)
© Thomson Reuters 2017 All rights reserved.