Canada's main stock index rose on Friday to end the week higher as a stronger-than-expected U.S. jobs report boosted sentiment and fueled gains across most major sectors.
The S&P/TSX composite index was 58.39 points higher at 12,438.03 to close out the week.
The Canadian dollar was up 0.27 of a cent at 99.21 cents U.S.
Energy shares rose, getting a boost from higher oil prices. In the group, Suncor Energy Inc, Canada's largest energy company, rose 0.9% to $31.09.
The materials sector, which includes mining stocks, jumped, on the back of a gain of 3.1% by Teck Resources, which finished at $27.63.
Financials, the index's most heavily weighted sector, also noted gains as Canadian Western Bank picked up 1.7% to $28.89.
BlackBerry shares dipped 0.4% to $15.77, after an analyst said its new Q10 smartphone, which comes with the physical keyboard, is selling well in Canada and Britain.
ON BAYSTREET
The TSX Venture Exchange gained 1.87 points Friday to 964.68
All but two of the 14 Toronto subgroups were higher on the day, led by global base metals, prospering 3%, metals and mining, up 2.6%, and materials, growing 1.2%.
Only health-care stocks, which gave back 0.4%, and information technology, dipping 0.2%, missed the party.
ON WALLSTREET
Investors cheered the latest report on the U.S. job market Friday, pushing the Dow Jones industrial average briefly above 15,000 for the first time.
The Dow Jones Industrials gained 142.38 points, or just less than 1%, to close the day at 14,974.
The S&P 500 index surged 16.82 to 1,614.41, while the NASDAQ Composite gained 38.01 points to 3,378.63
The rally caps a solid week and good start to May for stocks, with the Dow on track for a five-day gain of 1.7%. April was another strong month, with the S&P 500 advancing for the sixth consecutive month.
LinkedIn shares plunged after the professional-networking site offered weak second-quarter guidance.
AIG shares rose after the insurer reported earnings that beat expectations Thursday.
Shares of 3D Systems rose after office supplies retailer Staples announced plans to sell the company's 3-D printer.
Yahoo shares rose to a five-year high on renewed optimism over the Internet pioneer's turnaround plan.
Warren Buffett's investment firm Berkshire Hathaway is scheduled to release quarterly earnings after the market close.
On the economic slate, the U.S. economy added 165,000 jobs in April, according to the government's latest report. The unemployment rate dipped to 7.5% from the prior month's rate of 7.6%.
Both numbers were better than expected, easing concerns about a summer slowdown in the economy. But the unemployment rate still remains well above the level at which the Federal Reserve has said it will take the market's punch bowl away.
Factory orders fell 0.4% in March, according to the U.S. Census Bureau. The report was worse than expected and came after a 1.9% drop in February. The Institute for Supply Management said its index of activity in the services sector fell in April, but remained above the level indicating growth.
Prices on the 10-year U.S. Treasury stumbled, hiking yields to 1.75% from Thursday’s 1.63%. Treasury prices and yields move in opposite directions
Oil prices gained $1.47 to $95.46 U.S. a barrel.
Gold prices regained $1.70 at $1,469.30 U.S. an ounce
