Stronger than expected jobs data and a slight uptick in the price of oil pushed Canada’s main stock index and the loonie to a higher close Friday. The Toronto Stock Exchange’s S&P/TSX composite index added 50.12 points to 15,473.21, led by the energy and financials sectors. Energy stocks on the TSX were up 1.95 per cent, while financials stocks climbed 1.1 per cent. The average value for the Canadian dollar was 74.33 cents U.S., up 0.27 of a cent from Thursday. The gains came as Statistics Canada reported that the labour market added 54,400 jobs in May, with full-time positions surging by 77,000, more than making up for the decline of 22,300 part-time jobs.

Source: thestar June 09, 2017 15:51 UTC