CANADA STOCKS-Positive U.S. data helps drive TSX higher
* TSX finishes up 109.50 points at 11,180.70
* U.S. economic data helps index higher
* Sun Life, Manulife fall after earnings reports (Adds quote, details)
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. [ID:nN05106320]
"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 rosy earnings results from U.S. technology bellwether Cisco CSCO.O, released on Wednesday, helped to boost sentiment. [ID:nN04515993] Continued...