CANADA STOCKS-TSX opens higher on US recovery hope

Fri Aug 7, 2009 9:43am EDT
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TORONTO Aug 7 (Reuters) - Toronto's main stock index jumped at the open on Friday, spurred by economic recovery optimism as U.S. data showed far fewer jobs than expected were lost in July.

Soft Canadian jobs figures [ID:nN07253705] suggested the market would open lower, but the U.S. figures, released after the Canadian data, provided the clearest evidence yet that the U.S. economy was turning around.

The S&P/TSX composite index .GSPTSE rose 109.78 points, or 1.02 percent, to 10,903.15 at the open. All of its 10 sectors were higher, led by financials with a 1.27 percent gain. (Reporting by Ka Yan Ng; editing by Peter Galloway)