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

Wed May 6, 2009 4:42pm 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, quote)

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]

Seven of the index's 10 main sectors rose. The energy and materials groups climbed 4.8 percent and 2.9 percent, respectively, as oil jumped $2.50 to a five-month high of $56.34 a barrel and U.S. gold settled up $6.70 at $911.00 an ounce.

The financial group gained 3.1 percent.

Those sectors make up nearly three-quarters of the index's weighting, and helped push the market to its highest intraday level since Nov. 5, and its highest close since Nov. 4.   Continued...