CANADA STOCKS-TSX jumps after jobs data; energy and bank stocks lead

Fri Jul 8, 2016 10:55am EDT
 
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(Adds details on jobs reports; updates prices with early trade)

* TSX up 146.48 points, or 1.04 percent, at 14,280.94

* Six gainers for every decliner; 6 sectors up more than 1 pct

TORONTO, July 8 (Reuters) - Canada's main stock index rose on Friday as heavyweight financial and energy stocks gained after U.S. jobs growth accelerated rapidly in June while Canadian job growth stalled and fewer people sought work.

The gains were broad and significant with six of the index's 10 main sectors notching gains of more than 1 percent as investors focused on the bumper number from the much larger economy of the United States, Canada's main trading partner.

There were five gainers for every decliner.

The index was on track for a 1.5 percent gain from last Thursday's close. Canada's markets were closed last Friday.

At 10:21 a.m. EDT (1421 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 146.48 points, or 1.04 percent, at 14,280.94.

The most influential gainers included Canadian National Railway Co, which rose 2.1 percent to C$78.39, and its rival Canadian Pacific Ltd, which advanced 2.5 percent to C$173.65.   Continued...