Canada's main stock market, the Toronto Stock Exchange, closed
up around 60 points but was up 150 points mid-morning Friday. The
market - which did add to the 58 points gained Thursday despite
finishing today near session lows - was buoyed by strength in oil
and gold prices over the week, and by buying of individual stocks
like Manulife (MFC.TO), which hit fresh year highs on positive
sentiment stemming from Thursday's result.
Today, a better than expected U.S. jobs report also helped boost
sentiment amid signs the outlook for the economy in the U.S. -
which is Canada's main trading partner - may be improving.
The Metals & Mining, in particular, and the Energy sectors
were the biggest percentage gainers. Health Care and Info Tech were
Oil for June delivery added 1.7% today to finish at $95.61 a
barrel, rallying after America's better than expected jobless
report boosted sentiment that the country's economy is improving.
This, in turn, was good for economically sensitive oil. Over the
week, oil gained 2.8%.
June gold shed 0.2% today to close at $1,464.20 per ounce. For
the week gold posted a 0.7% gain. Gold futures see-sawed today, in
the pre-bell session they were higher, but reversed direction after
the U.S. Labor Department reported a better-than-expected jobs
report. This reduced the metal's safe haven appeal and it reversed