TSX Rises Most in Five Weeks on Jobs Data
Canada main stock index posted its biggest gain in five weeks as weaker than expected jobs data reduced expectations for further interest rate hikes. The S and P TSX Composite Index advanced significantly, driven by strong performances in the mining and consumer sectors.
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Canada's main stock index rose 1.48% on Friday, posting its biggest gain in five weeks as weaker jobs data cooled interest rate hike bets. The S&P/TSX Composite Index closed up 519.24 points at 35,664.62, marking its highest finish in two weeks. The advance broke a two-week losing streak for the domestic market.
