May 11, 2018 / 12:03 PM / 2 months ago

TSX gains on tepid jobs data, rise in gold prices

(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.

The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren

* 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/]

** Pushing the financial group higher were shares of Toronto-Dominion Bank (TD.TO), up 0.5 percent, and Sun Life Financial (SLF.TO), which gained 1.5 percent.

* 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.

* Among the most active Canadian stocks by volume were Neovasc Inc (NVCN.TO) and ECN Capital Corp (ECN.TO).

* 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

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