Wall Street Spikes, TSX Climbs After Upbeat U.S. Jobs Data

TSX Wall StreetCanadian stocks rose a second day, paring a weekly loss, after jobs data from Canada and the U.S. spurred speculation central banks won’t raise interest rates soon.

Royal Bank of Canada and Toronto-Dominion Bank increased at least 0.5 per cent to pace gains among the nation’s largest lenders. Gran Tierra Energy Inc. added 1.4 per cent after agreeing to demands from investor West Face Capital Inc. to expand the company board and appoint a new chief executive officer.

The Standard & Poor’s/TSX Composite Index rose 69.54 points, or 0.5 per cent, to 15,158.36 at 10:07 a.m. in Toronto. The gauge has retreated 1.2 per cent this week, headed for a second straight week of declines.  Read More…

This article has 8 Comments

  1. Harvey F.

    Stocks up, interest low, and here i was concerned about investing big in 2015. Glad to see the first half of the year has been swell!

  2. Shelby S

    The bounce in oil (the article says) 🙁 Does that mean we can expect higher gas prices? I mean in my area it was 150 for the longest time and so seeing it below 99 was great. And now im seeing it is creeping back up.

  3. Jerry

    TSX blue chips have been doing some amazing #s. They are acting like they are growth stocks 🙂

  4. Jacquez

    My mutual funds portfolio have been on a steady rise. For the forseeable future things are finally looking up. I had been hording most of my cash in a low interest savings account with a credit union

  5. Leslie Hall

    This makes no mention of the state of the real estate market. Are things booming in canada?

  6. Arturo Reiske

    Nah, that is typical @ed … we've been shedding and taking up new jobs cyclically. I was fully expecting the report to show losses in April.

  7. Edwardo James

    All is not rosy. Canada still lost 20k jobs in April alone. That tends to be a sign of things to come. Hold onto your hats.

  8. Ernest Blatchley

    So with the contribution adjustment by CRA to TFSA (can contribute an additonal $5500, to $10,000 per year) i assume the best thing i should do is look to the stock market? thanks in advance.

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