CANADA STOCKS-TSX jumps 1 pct on surge in jobs data, oil rise

Fri Apr 8, 2016 10:19am EDT
 
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* TSX up 135.8 points, or 1.02 percent, at 13,402.24

* Nine of the TSX's 10 main groups rise

TORONTO, April 8 (Reuters) - Canada's main stock index jumped 1 percent on Friday as higher crude oil prices supported energy stocks and unexpectedly robust jobs data added to evidence of a pick-up in the domestic economy.

Canada added far more jobs than expected last month as service sector hiring accelerated and the unemployment rate fell from a three-year high, data showed.

Oil prices rose, lifted by hopes a punishing global excess could be nearing a tipping point and firm U.S. and German economic indicators pointed to growth in fuel demand.

The most influential movers on the Toronto Stock Exchange's S&P/TSX composite index were energy and bank stocks, with Royal Bank of Canada rising 1.3 percent to C$74.58, and Canadian Natural Resources Ltd up 2.9 percent to C$35.37.

The energy group climbed 2.5 percent and financials gained 1.2 percent.

At 9:58 a.m. EDT (1358 GMT), the index was up 135.8 points, or 1.02 percent, at 13,402.24.

Nine of the index's 10 main groups were in positive territory, with four gainers for every decliner. Healthcare stocks fell.   Continued...