CANADA STOCKS-TSX heads higher on upbeat U.S. jobs data

Fri Sep 3, 2010 10:47am EDT
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* TSX up 0.31 percent at 12,149.02

* Financials lead 8 of 10 main sectors higher

* Golds out of favor as risk appetite rises

* U.S. jobs data eases fears of double-dip recession (Adds details)

By Ka Yan Ng

TORONTO, Sept 3 (Reuters) Toronto's main stock index rose broadly on Friday morning after closely watched U.S. employment numbers fell less than expected, assuaging fears that the U.S. economy is sliding back into recession.

Financials, often a play on the broader economy, led eight of the TSX's 10 main groups higher with a 0.95 percent advance. Toronto-Dominion Bank (TD.TO: Quote) added 1.35 percent to C$74.16, while Royal Bank of Canada (RY.TO: Quote) climbed 1.13 percent to C$52.89.

Insurers were among the strongest climbers with Manulife (MFC.TO: Quote) jumping 3.6 percent to C$13.32, while Sun Life (SLF.TO: Quote) was up 3.5 percent at C$27.47.

At 10:20 a.m. (1420 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 37.93 points, or 0.31 percent, at 12,149.02.   Continued...