(Reuters) - Canada’s main stock index rose on Friday as higher gold prices boosted materials stocks and after tepid jobs data raised the odds that Bank of Canada will hold interest rates steady.
* At 9:57 a.m. ET (1357 GMT), the Toronto Stock Exchange’s S&P/TSX Composite Index .GSPTSE rose 36.04 points, or 0.23 percent, to 15,995.54.
** The materials sector was the biggest boost as gold was set for its first weekly gain in four weeks. [GOL/]
* Economic data showed the Canadian economy unexpectedly shed jobs in April, bolstering bets that the Bank of Canada will hold interest rates steady when its policymakers meet later this month.
* On the NAFTA front, U.S. House Speaker Paul Ryan has set a May 17 deadline to be notified of a new trade deal to give the current Congress a chance of passing it.
* Eight of Canada’s 10 main index sectors were higher.
* The TSX posted 11 new 52-week highs and two new lows. Across all Canadian issues there were 26 new 52-week highs and 15 new lows.
* The largest percentage gainer on the TSX was SSR Mining Inc (SSRM.TO), which rose 7.3 percent, after the company on Thursday reported quarterly results.
* CES Energy Solutions Corp’s (CEU.TO) 6.5 percent made it the biggest decliner, after the company reported first-quarter results on Thursday.
* Shares of Thomson Reuters (TRI.TO), down 4.6 percent to $47.67, was among the most heavily traded. The news and information company reported first-quarter sales and earnings that were slightly higher than expected.
* Volume on the TSX index was 24.16 million shares. Total volume on Friday was 48.72 million shares.
Reporting by Amy Caren Daniel in Bengaluru