CANADA STOCKS-TSX gains with commodities after U.S. jobs miss
(Adds comment, updates prices to close)
* TSX ends up 111.79 points, or 0.76 percent, at 14,795.70
* All 10 of index's main groups rise; nearly 5 risers per decliner
* Index adds 1.1 pct on week, sharpest weekly gain since mid-July
By Alastair Sharp
TORONTO, Sept 2 (Reuters) - Canada's main stock index pushed higher on Friday with mining and energy stocks big beneficiaries of a weaker-than-expected U.S. jobs report that weighed on the U.S. dollar and, in turn, boosted commodity prices.
The heavyweight energy group climbed 1.2 percent as crude settled up nearly 3 percent, after slower U.S. employment growth knocked investor expectations that the Federal Reserve might hike interest rates this month.
"The September rate hike assumption is now off the table, so it's put some pressure on the U.S. dollar which gave the market a little bit more of a lift towards the commodities, particularly gold," said Sid Mokhtari, market technician and director of institutional equity research at CIBC World Markets.
Goldcorp Inc rose 2 percent to C$20.83, Barrick Gold Corp advanced 1.2 percent to C$23.59, and smaller Yamana Gold Inc jumped 6.6 percent to C$5.94. Continued...