The Toronto stock market ended the Friday trading session in
modestly positive territory, despite being in the red for most of
The S&P TSX Composite Index closed 9 points higher at
12,835, near session highs of 12,843 and rebounding from lows of
Today's early economic news was overwhelmingly positive.
Statistics Canada reported that the economy created 50,700 jobs in
February, compared with the 8,000 figure expected by economists.
The U.S. economy created 236,000 jobs last month, also much more
Still, the TSX failed to catch fire until late afternoon, led by
gold and mining stocks.
The materials sector gained nearly 1%, offset by losses in
utilities and financials.
Actively trades stocks included Bombardier (BBD-B.TO, +3%),
IAMGOLD (IMG.TO, +5%) and Kelt Exploration (KEL.TO, +12%).
Commodity prices were mostly higher, with limited gains. April
crude tacked on 39 cents, or 0.4%, to settle at $91.95 a barrel on
the New York Mercantile Exchange. For the week, prices climbed
1.4%. April gold settled at $1,576.90 an ounce, up 0.1%. It was up
0.3% for the week.
U.S. stocks rose as employers added more jobs than forecast last
month and the U.S. unemployment rate dropped unexpectedly.
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