CANADA STOCKS-TSX gains as gold miners jump; up 0.9 pct for week

Fri Jun 3, 2016 4:50pm EDT
 
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(Adds investor comment, updates prices to close)

* TSX ends up 89.79 points, or 0.64 percent, at 14,226.78

* Half of 10 main groups gain

* Index gains 0.9 percent on week, 4th straight weekly rise

By Alastair Sharp

TORONTO, June 3 (Reuters) - Canada's main stock index gained on Friday as gold miners jumped with the precious metal after weak U.S. jobs data hurt the U.S. dollar, offsetting losses for financial stocks and some energy companies.

Seventeen of the 20 most influential gainers on the index were from the materials group, which includes precious and base metals miners and fertilizer companies. The group gained 6.5 percent.

Barrick Gold Corp jumped 11.6 percent to C$24.81, Goldcorp Inc gained 6.4 percent to C$23.65, and Kinross Gold rose 13.4 percent to C$6.45.

"If you want to employ a levered way to play the gold area, this is gold miners rather than the price of gold," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.   Continued...