June 7, 2019 / 2:06 PM / 4 months ago

CANADA STOCKS-TSX rises as jobless rate hits all-time low

June 7 (Reuters) - Canada’s main stock index edged higher on Friday, after data showed a higher-than-expected addition of jobs in May and a dip in unemployment rate to a record low of 5.4%.

* At 9:40 a.m. ET (13:40 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was up 26.1 points, or 0.16%, at 16,253.9.

* According to Statistics Canada, the economy added 27,700 net new jobs in May after a Reuters poll predicted a gain of 8,000 positions from April and a jobless rate of 5.7%. The current unemployment rate at 5.4% was the lowest since comparable data became available in 1976.

* Seven of the index’s 11 major sectors were higher, led by the technology sector which rose 0.6%.

* Shares of Enghouse Systems Ltd gained 2.5% after the company reported quarterly revenue above expectations.

* The financial sector gained 0.2%.

* On the TSX, 153 issues were higher, while 75 issues declined for a 2.04-to-1 ratio favouring gainers, with 12.57 million shares traded.

* The largest percentage gainers on the TSX were shares of Semafo Inc, which jumped 3.7% followed by those of Enghouse.

* Transcontinental Inc fell 5.3%, the most on the TSX, after multiple analysts cut price targets on the company following quarterly results.

* The most heavily traded shares by volume were those of Aurora Cannabis, Royal Nickel.

* The TSX posted nine new 52-week highs and two new lows.

* Across all Canadian issues there were 29 new 52-week highs and nine new lows, with total volume of 21.17 million shares. (Reporting by Shreyashi Sanyal in Bengaluru)

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