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

Thu May 7, 2009 9:25am EDT
 
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(Corrects first bullet and paragraph 4 to show it was highest close since Oct 20, not Nov 4)

* TSX finishes at 10,143.43, highest since Oct 20

* 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 Oct 20. Earlier, it had climbed to 10,158.20.   Continued...