CANADA STOCKS-Positive U.S. data helps drive TSX higher

Thu Nov 5, 2009 4:33pm EST
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 * TSX finishes up 109.50 points at 11,180.70
 * U.S. economic data helps index higher
 * Sun Life, Manulife fall after earnings reports
 (Updates to close, adds quote)
 By Jennifer Kwan
 TORONTO, Nov 5 (Reuters) -  Toronto's main stock index
finished higher on Thursday as U.S. business productivity and
weekly jobs data helped to lift investor confidence in the
economic recovery.
 The figures showed third-quarter business productivity grew
at the fastest pace in six years and that new claims for
jobless aid fell to a 10-month low last week, indicating the
decline in the labor market may be hitting bottom.
 "The U.S. productivity numbers basically shot the lights
out. It was a really good print," said Lex Kerkovius, senior
research analyst at McLean & Partners Wealth Management Ltd.,
in Calgary.
 Among the top Toronto gainers were Royal Bank of Canada
RY.TO, up 2.5 percent at C$55.58, and Toronto-Dominion Bank
TD.TO, which climbed 2.9 percent to C$64.80. Teck Resources
TCKb.TO was up 4.8 percent at C$33.38.
 As well, Kerkovius said a rosy earnings results from
technology bellwether Cisco CSCO.O, released on Wednesday,
helped to boost sentiment. [ID:nN04515993]
 The S&P/TSX composite index .GSPTSE ended up 109.50
points, or 0.99 percent, at 11,180.70, with all of its 10 main
groups higher.
 On the downside were insurers Sun Life Financial Inc
SLF.TO, down 6.5 percent at C$28.16, and Manulife Financial
Corp MFC.TO, which retreated 3.55 percent to C$19.86. Both
reported surprise losses on Thursday. [ID:nN05115880]
 Strength in energy and materials sectors, up 0.96 percent
and 1.2 percent, respectively, also helped lift the broader
market. EnCana Corp ECA.TO rose 1.8 percent and Potash Corp
of Saskatchewan POT.TO climbed 1.6 percent.
 ($1=$1.07 Canadian)
 (Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson)