CANADA STOCKS-TSX rises as resource stocks gain after U.S. jobs data

Fri Sep 2, 2016 10:04am EDT
 
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(Adds details from early trade, updates prices)

* TSX up 114.09 points, or 0.78 percent, to 14,798

* Nine of the TSX's 10 main groups rise; 10 risers per decliner

TORONTO, Sept 2 (Reuters) - Canada's main stock index pushed higher on Friday with mining and energy stocks big beneficiaries of a weak U.S. jobs report that weighed on the U.S. dollar and, in turn, boosted commodity prices.

The heavyweight energy group climbed 1.4 percent as crude rose about 2 percent, after U.S. employment growth eased more than expected last month after two straight months of robust gains, which could rule out an interest rate hike by the Federal Reserve this month.

The most influential movers on the index included Suncor Energy Inc, which rose 1.2 percent to C$35.63, and Canadian Natural Resources Ltd, which advanced 1.4 percent to C$41.33.

At 9:41 a.m. EDT (1341 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 114.09 points, or 0.78 percent, to 14,798.

There were 10 risers for every falling stock, with nine of the index's 10 main groups in positive territory.

The materials group, which includes precious and base metals miners and fertilizer companies, added 1.9 percent, as the weaker greenback also boosted prices for gold and copper.   Continued...