08/02/2014 08:31 AST

Canadian stocks advanced, capping a weekly gain for the benchmark index, amid optimism over economic growth after the release of employment reports for the nation and the U.S.

Detour Gold Corp. jumped 12 percent after Canaccord Genuity Corp. analysts raised the stock’s rating. Silver Standard Resources Inc. climbed 9.9 percent after CIBC World Markets Inc. upgraded the shares. Baytex Energy Corp. dropped 4.6 percent as it agreed to buy Aurora Oil & Gas Ltd. for C$1.8 billion ($1.63 billion). Aurora soared 55 percent.

The Standard & Poor’s/TSX Composite Index (SPTSX) increased 73.10 points, or 0.5 percent, to 13,786.50 at 4 p.m. in Toronto. The gauge, which has risen 1.2 percent in 2014, added 0.7 percent this week. Trading in S&P/TSX stocks was 13 percent above the 30-day average at the close.

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Bloomberg

Ticker Price Volume
QNBK 123.30 103,897
SABIC 100.87 2,504,855
EEC 17.29 463,643
SIPCHEM 15.72 1,068,963
PETRORABIGH 13.85 2,037,712
RJHI 67.88 1,417,807
BURUJ 34.50 110,831
Index Closing Change
NIKKEI 225 20,299.38 389.88 (1.95%)
DAX 12,561.79 2.40 (0.01%)
S&P 500 2,506.65 2.78 (0.11%)
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