(Reuters) - Canada’s main stock index rose on Friday as the domestic jobless rate fell in June, signaling a recovery from the economic fallout caused by coronavirus outbreak.
* The country added 952,900 jobs in June on record service sector gains as more restaurants, stores and businesses reopened from COVID-19 closures, while the jobless rate was slightly worse-than-expected at 12.3%, data showed on Friday.
* At 9:41 a.m. ET (1341 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 53.74 points, or 0.35%, at 15,622.38.
* Canadian miner Barrick Gold Corp ABX.TO said on Friday it served a dispute notice to the Papua New Guinea (PNG) government over the country’s refusal to extend a mining lease in the Porgera valley.
* The energy sector climbed 1.2% as U.S. crude prices gained 0.3%, while Brent crude added 0.3%.
* The financials sector gained 0.8% and the industrials sector 0.1%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.1% as gold futures rose 0.4% to $1,805.5 an ounce.
* On the TSX, 157 issues were higher, while 58 issues declined for a 2.71-to-1 ratio favouring gainers, with 11.89 million shares traded.
* The TSX posted 7 new 52-week highs and one new low.
* Across all Canadian issues there were 24 new 52-week highs and 4 new lows, with total volume of 31.06 million shares.
Reporting by Shivani Kumaresan in Bengaluru; editing by Uttaresh.V
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