CANADA STOCKS-TSX rises as Magna jumps, U.S. jobs data boosts sentiment

Fri Aug 5, 2016 10:28am EDT
 
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(Adds details on earnings, data; updates prices)

* TSX up 80.28 points, or 0.55 percent, to 14,609.06

* Eight of the TSX's 10 main groups move higher

TORONTO, Aug 5 (Reuters) - Canada's main stock index rose on Friday, helped by an earnings beat and improved forecast from car parts maker Magna International Inc and as strong U.S. jobs data overshadowed dismal Canadian trade and employment numbers.

Magna rose 5.1 percent to C$52.42 after its profit topped expectations and it raises its earnings forecast.

Plane and train maker Bombardier Inc fell 1 percent to C$1.97 after reporting a slightly bigger-than-expected quarterly loss.

At 10:05 a.m. EDT (1405 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 80.28 points, or 0.55 percent, to 14,609.06. It was on track for a marginal gain on the week.

Eight of the index's 10 main groups were in positive territory, with its resource sectors weighing.

Canadian National Railway Co advanced 1.8 percent to C$81.88 and rival Canadian Pacific Railway Ltd advanced 2.2 percent to C$190.77.   Continued...