Toronto stocks ended higher on Friday boosted by energy and gold issues. The S&P/TSX composite index climbed 71.77 points to finish at 8,845.04, with 236.4 million shares changing hands.
Investors appeared to shrug off a report from the U.S. Labor Department that said only 21,000 new jobs were added to the economy last month. That was far short of the 130,000 forecast by economists.
The news weighed on the U.S. dollar and propelled investors toward bullion, pushing gold to $400 an ounce.
Toronto’s gold-mining stocks jumped 3.13% with major names making gains of more than 3% each.
Barrick Gold rose 85¢ to $28.08 while Placer Dome was up 81¢ at $22.69.
Energy stocks climbed 2.16%. Materials, which includes gold issues, rose 1.1%.
The energy sector got a boost from surging crude oil prices, which hit one-year highs.
Suncor Energy rose $1.53 to $37.60, Canadian Natural Resources jumped $2.43 to $74.94, while Ultra Petroleum gained $1.25 to $39.56.
The junior S&P/TSX Venture composite index climbed 25.01 points to 1,915.99.
In New York, blue-chip stocks ended slightly higher but technology shares declined, as investors weighed concerns about the health of the job market.
The Dow Jones industrial average ended up 7.55 points, at 10,595.55. The S&P 500 rose 1.99 points to 1,156.86. The tech-heavy Nasdaq composite index slipped 7.48 points to 2,047.63.
For the week, the Dow rose 0.11%, while the S&P 500 gained 1.05%. The Nasdaq rose 0.90%, breaking a six-week long losing streak.
The Canadian dollar jumped against the U.S. greenback Friday following the release of the weaker-than expected jobs report.
The loonie finished at US75.66 cents, up 0.64¢ from Thursday.
In other business news, jurors found domestic diva Martha Stewart guilty on all four counts in her stock trading case. The jury ound Stewart guilty on one charge of conspiracy, one charge of obstruction of justice and two charges of making false statements to investigators.
Stewart could face up to 20 years in prison, but U.S. sentencing guidelines could reduce that to about one year.
Sentencing is set for June 17. Stewart vowed to appeal the conviction.
Stewart’s former stockbroker, Peter Bacanovic, was found guilty of conspiracy, perjury, making a false statement and obstruction of justice. He was acquitted of submitting a false document.