CANADA STOCKS-Resources, financials push TSX past 10,000

Wed May 6, 2009 5:11pm EDT
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* TSX finishes at 10,143.43, highest since Nov 4

* Energy, up 4.8 pct, leads market higher as oil climbs

* U.S., Canadian data supports rally (Adds details, quotes)

By Jennifer Kwan

TORONTO, May 6 (Reuters) - Toronto's main stock index shot through the 10,000-mark to its highest close in six months on Wednesday as resource and financial issues led a rally fueled by optimism that the global economy is stabilizing.

Aiding the sentiment was stronger-than-expected economic data from Canada and the United States, particularly a private-sector U.S. employment report that showed job losses slowed dramatically last month. [ID:nN06133099]

In Canada, purchasing activity rose and building permits surged unexpectedly. [ID:nN06546133]

The S&P/TSX composite index .GSPTSE finished up 262.71 points, or 2.7 percent, at 10,143.43, its highest close since Nov. 4. Earlier, it had climbed to 10,158.20.

"I think, psychologically, it's very important because investors use nice round numbers like 10,000 as benchmarks on where the market is," said Kate Warne, Canadian market strategist at Edward Jones in St. Louis, Missouri.   Continued...