Canada's main stock index was
headed for its largest one-day gain in a month on Friday as
financial and resource shares were boosted after the U.S.
economy added more jobs than expected in July.
U.S. non-farm payrolls rose 163,000 last month, the Labor
Department said, beating economists' expectations for a 100,000
gain and offering hope of improvement in the world's largest
The jobless rate, however, inched up to 8.3 percent from 8.2
percent in June.
"It's a bullish report and it furthers the Fed's case that
they remain in the back seat waiting to see if there's some kind
of further deterioration," said Michael A. Gayed, chief
investment strategist at Pension Partners LLC. "If you look at
(U.S.) bond yields rising, it's coinciding with commodities."
All of Canada's 10 main sectors were higher, led by the
powerful energy complex, which rose more than 2.5 percent as oil
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