CANADA STOCKS-TSX hits four-month high on U.S. data, oil prices

Fri Feb 6, 2015 10:39am EST
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* TSX up 74.68 points, or 0.49 percent, at 15,199.60

* Eight of the 10 main index sectors advance

* Suncor, Penn West lifted by higher oil prices

By John Tilak

TORONTO, Feb 6 (Reuters) - Canada's main stock index advanced to its highest in more than four months on Friday as strong U.S. jobs data boosted investor sentiment and higher oil prices lifted shares of energy producers.

Data showed U.S. job growth climbed in January and wages rebounded strongly, raising expectations that the U.S. Federal Reserve will increase interest rates sooner than later.

The benchmark Canadian index looked on track to record a weekly gain of 3.5 percent. It is up nearly 4 percent so far this year.

"The U.S. economy is becoming self-sustaining, there is growth and it's probably going to accelerate," said Arthur Salzer, executive director and chief executive officer of Northland Wealth Management.

"It finally seems that we've gotten past that economic malaise that was created by the credit crisis," he added.   Continued...