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* TSX ends up 111.79 points, or 0.76 percent, at 14,795.70
* All 10 of index's main groups rise; nearly 5 risers per
* Index adds 1.1 pct on week, sharpest weekly gain since
By Alastair Sharp
TORONTO, Sept 2 Canada's main stock index pushed
higher on Friday with mining and energy stocks big beneficiaries
of a weaker-than-expected U.S. jobs report that weighed on the
U.S. dollar and, in turn, boosted commodity prices.
The heavyweight energy group climbed 1.2 percent as crude
settled up nearly 3 percent, after slower U.S. employment growth
knocked investor expectations that the Federal Reserve might
hike interest rates this month.
"The September rate hike assumption is now off the table, so
it's put some pressure on the U.S. dollar which gave the market
a little bit more of a lift towards the commodities,
particularly gold," said Sid Mokhtari, market technician and
director of institutional equity research at CIBC World Markets.
Goldcorp Inc rose 2 percent to C$20.83, Barrick Gold
Corp advanced 1.2 percent to C$23.59, and smaller
Yamana Gold Inc jumped 6.6 percent to C$5.94.
The materials group, which includes base metals miners and
fertilizer companies as well as gold miners, added 2.4 percent.
The Toronto Stock Exchange's S&P/TSX composite index
closed up 111.79 points, or 0.76 percent, at
14,795.70. It gained 1.1 percent over the week, its biggest
weekly gain since mid-July.
All 10 main index groups ended higher, with almost five
risers for every falling stock.
The most influential movers included Suncor Energy Inc
, which rose 1.2 percent to C$35.63, and Canadian Natural
Resources Ltd, which advanced 1.4 percent to C$41.36.
Of the few declining stocks, Valeant Pharmaceuticals
International Inc weighed most heavily, down 2 percent
Canada's trade deficit in July unexpectedly shrank on
stronger non-energy exports, a sector the Bank of Canada says is
crucial to helping revive an economy hit by low oil prices.
(Reporting by Alastair Sharp; Editing by Nick Zieminski and