(Reuters) – Canada’s main stock index hit a one-month high on Friday after better-than-expected employment data underscored a consistent economic recovery from the coronavirus, while elevated gold and base metal prices also helped.
* At 9:36 a.m. ET (13:36 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 59.53 points, or 0.36%, at 16,594.07.
* The index was also set for its largest weekly gain since mid-July, as heavyweight gold and oil-linked stocks benefited from higher resource prices.
* Canada added 378,200 jobs in September and the unemployment rate fell to 9.0%, beating analyst expectations.
* The materials sector, which includes precious and base metal miners and fertilizer companies, added 2.1% as gold and base metal prices rose on the back of a weak dollar and supply woes.
* While the energy sector fell on the day in tandem with oil prices, it was set to add nearly 9%