TSX ends up 1.58% at 22,225.61
Posts its biggest gain since Feb. 15
Energy gains 2.02%; oil settles up 1.3%
Canadian Tire jumps 7.74% on earnings beat
Aug 8 – Canada’s main stock index climbed by the most in six months on Thursday, as stocks that are sensitive to the economic outlook led a broad-based rally after U.S. jobless claims data eased fears of a slowdown in activity.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 344.66 points, or 1.58%, at 22,225.61, its biggest advance since Feb. 15.
It follows four straight days of declines, with the index posting on Wednesday its lowest closing level in nearly six weeks.
“Gains have been led by the cyclical sectors, like financials and energy, because the U.S. numbers have eased concerns about a slowdown in the U.S. economy,” said Elvis Picardo, a portfolio manager at Luft Financial, iA Private Wealth.
U.S. stocks also jumped after the number of Americans filing…
