Equities in Canada’s largest market drew good vibes from its southern neighbour and vaulted to end the week, on the strength of gold and metals issues.
The S&P/TSX Composite climbed 125.38 points to close the day and the week at 14,259.84
The Canadian dollar slumped 0.21 cents to 76.7 cents U.S.
The index was on track for a 1.5% gain on the week.
Gold stocks led the charge, as Kinross Gold acquired 21 cents, or 3%, to $7.23, while Yamana Gold climbed 34 cents, or 4.6%, to $7.70.
Base metals proved a strong runner-up as Teck Resources gained 46 cents, or 2.7%, to $17.66, while First Quantum Minerals took on eight cents to $9.29.
Telecom fared not so well, as BCE backpedaled 33 cents to $61.26, while Rogers Communications lost 45 cents to $53.19.
On the economic slate, Statistics Canada reported that employment was unchanged in June. The agency also says the unemployment rate declined 0.1 percentage points to 6.8%, as the number of people searching for work edged down.
ON BAYSTREET
The TSX Venture Exchange gained 4.33 points to 752.12
All but two of the 13 subgroups were higher on the day, with gold shining 2.7% brighter, metals and mining up 2.2%, and materials better by 2.1%.
The two laggards were telecoms, off 0.5%, and utilities, down 0.4%.
ON WALLSTREET
U.S. stocks closed more than 1% higher Friday, more than recovering their post-Brexit losses, after a surprisingly large beat on the June jobs report headline figure.
The Dow Jones Industrials screamed higher 237.99 points, or 1.3%, to 18,133.87, holding well above the psychologically key 18,000 level.
Goldman Sachs and Boeing contributed the most to gains.
The S&P 500 rocketed 32 points, or 1.5%, to 2,129. Materials traded 2.5% higher to lead all 10 sectors higher. The S&P's all-time intraday high is 2134.72, touched May 20, 2015.
The NASDAQ Composite Index leaped 79.95 points, or 1.6%, to 4,956.76
With Friday's intraday gains, the major U.S. indexes were on pace for weekly gains of more than 1%. The Dow and S&P 500 were trading less than 0.1% below their 52-week intraday highs, near their all-time highs.
The non-farm payrolls report showed the U.S. created 287,000 jobs last month, versus the 175,000 jobs expected by economists. The unemployment rate edged higher to 4.9%, however, versus the 4.8% estimate.
May's payroll count was revised down to only an 11,000-job increase from the previously reported 38,000
Prices for the 10-year Treasury hiked, lowering yields to 1.36% from Thursday’s 1.39%. Treasury prices and yields move in opposite directions.
Oil prices took on 11 cents a barrel to $45.25 U.S.
Gold prices gained $4.90 to $1,367 U.S. an ounce.
