Equities in Toronto enjoyed triple-digit gains Friday to wind up the week, as improvement in materials and energy stocks led the way upwards.
The S&P/TSX Composite muscled up 111.82 points to close the day and week at 15,729.12
The Canadian dollar added 0.27 cents at 76.4 cents U.S.
HudBay Minerals showed the most strength, garnering 84 cents, or 7.8%, to $11.57, while Lundin Mining bounced 49 cents higher, or 6%, to $8.63.
Energy stocks also conquered, as Crescent Point Energy climbed 61 cents, or 4.2%, to $15.10, while Baytex Energy leaped 13 cents, or 2.6%, to $5.08.
Among consumer discretionary issues, Ritchie Bros. Auctioneers jumped 58 cents, or 1.4%, to $41.70.
Telecoms were not among the positive groups, however, as TELUS stayed put at $43.14, while Shaw Communications lost four cents to $28.01.
Among utilities, Hydro One dipped 50 cents, or 2.1%, to $23.55.
On the economic front, Statistics Canada reported that the economy added 48,000 jobs in January, resulting in a drop in the unemployment rate of one-10th of a percentage point to 6.8%
ON BAYSTREET
The TSX Venture Exchange vaulted 10.28 points, or 1.2%, to 836.16
All but two of the 12 subgroups were higher by the closing, with materials up 1.4%, energy gushing 1%, and consumer discretionary stocks gaining 0.9%.
Only telecoms, down 0.1%, and utilities, off 0.1%, missed the festivities.
ON WALLSTREET
Stocks concluded the week on a high note Friday, climbing to new record highs a day after U.S. President Donald Trump promised to release a tax plan in the near future.
The Dow Jones Industrials jumped 96.97 points to 20,269.37, as Caterpillar led all gainers, and Wal-Mart proved the biggest decliner.
The S&P 500 gained 8.23 points to 2,316.10, with energy, materials and industrials leading advancers.
The NASDAQ added 18.95 points to 5,734.13, breaking into new record territory.
In economic news, import prices rose 0.4% in January, more than the expected 0.2% increase. Export prices rose 0.1% last month, in line with estimates.
Moreover, preliminary consumer sentiment for February came in at 95.7, below the expected 98.5.
Prices for the benchmark 10-year Treasury note strengthened, lowering yields back to Thursday’s 2.40%. Treasury prices and yields move in opposite directions.
Oil prices gained 80 cents to $53.80 U.S. a barrel
Gold prices dropped $2.10 to $1,234.70 U.S. an ounce.
