CANADA STOCKS-US jobs data helps TSX rise after 3-day loss

Wed Mar 7, 2012 4:37pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 51.53 points, or 0.42 pct, at 12,350.16

* Eight of index's 10 main sectors higher

* Market awaits Greek debt swap deal

By Jennifer Kwan

TORONTO, March 7 (Reuters) - Canada's main stock index rose on Wednesday, ending a three-day streak of declines, on upbeat U.S. private-sector jobs data and hopes that Greece's debt restructuring will go through.

Big-name leaders included oil companies Suncor Energy , up 1.2 percent at C$33.72, and Cenovus, up 2.2 percent at C$36.64, both of which rose with the price of oil.

Also in the index's oil and gas group, which climbed nearly 1 percent, Talisman Energy gained 2 percent to C$13.25, while Nexen added 1.6 percent to C$19.54.

Stock markets around the world drew support from figures that showed the pace of job creation by U.S. private employers accelerated in February. The private sector added 216,000 jobs, topping economists' expectations for a gain of 208,000.   Continued...