CANADA STOCKS-TSX gains as resource, bank stocks jump after jobs data

Fri Jul 8, 2016 4:33pm EDT
 
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(Adds portfolio manager comment; updates prices to close)

* TSX ends up 125.38 points, or 0.89 percent, at 14,259.84

* Four gainers for every decliner; five sectors up more than 1 pct

* Index up 1.4 percent over the week

By Alastair Sharp

TORONTO, July 8 (Reuters) - Canada's main stock index jumped on Friday as investors cheered a blockbuster U.S. jobs report and pushed up resource stocks, railways, industrials and banks.

The move was more subdued than that seen on Wall Street, as Canada's own job growth stalled and fewer people sought work, but attention centered on the number from the much larger economy of the United States, Canada's main trading partner.

The Toronto Stock Exchange's S&P/TSX composite index's gains were broad and significant, with five of its 10 main sectors rising more than 1 percent, including its heavyweight energy and materials groups.

The index closed up 125.38 points, or 0.89 percent, at 14,259.84. It gained 1.4 percent on the week.   Continued...