TSX ends up 0.3% at 26,429.13
For the week, the index gains nearly 1%
Energy adds 1.4% as oil settles 1.9% higher
June 6 – Canada’s main stock index rose on Friday to a new record high, led by gains for energy and technology shares, as oil prices advanced and U.S. and Canadian jobs data eased investor concerns about a possible recession.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 86.84 points, or 0.3%, at 26,429.13, inching past its record closing high on Tuesday. For the week, the index was up nearly 1%.
Canada’s economy added 8,800 jobs last month, compared to an expected decline of 12,500, while U.S. job growth also beat expectations.
“Jobs are slowing down but still not falling off a cliff and I don’t think a recession is imminent as many people are fearing,” said Allan Small, senior investment advisor of the Allan Small Financial Group with iA Private Wealth.
U.S. crude oil futures settled 1.9% higher…
