Sept 4 (Reuters) – Canada’s main stock index rose on Friday as domestic jobs rose for the fourth straight month in August and the unemployment rate fell, adding to hopes of recovery as coronavirus-led curbs continue to ease.
* The country added 245,800 jobs in August, most of them full-time, and the unemployment rate fell to 10.2%. Analysts polled by Reuters had predicted a gain of 275,000 jobs and unemployment rate falling to 10.1% from 10.9% in July.
* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 25.79 points, or 0.16%, at 16,474.68.
* The financials sector gained 1.2%, boosted by Laurentian Bank of Canada, which jumped 5.7% after the lender beat both revenue and profit estimates for the third quarter.
* The energy sector fell 0.28% as U.S. crude prices were down 1.79% a barrel, while Brent crude lost 1.5%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.3% as gold futures fell 0.4% to $1,919.7 an ounce.
* On the TSX, 147 issues were higher, while 69 issues declined for a 2.13-to-1 ratio favouring gainers, with 22.63 million shares traded.
* The second-biggest gainer on the index was First Quantum Minerals Ltd, which rose 3.4%.
* Equinox Gold Corp fell 5%, the most on the TSX, after the gold miner said it was suspending activity at the Los Filos Mine in Mexico, while Centerra Gold Inc was down 3.6%.
* The most heavily-traded shares by volume were Suncor Energy Inc, Crescent Point Energy Corp and Ivanhoe Mines Ltd.
* The TSX posted no new 52-week highs and no new lows.
* Across all Canadian issues, there were three new 52-week highs and no new lows, with a total volume of 36.07 million shares. (Reporting by Amal S in Bengaluru; Editing by Ramakrishnan M.)
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