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TSX climbs 1.5% as weak jobs data cuts rate‑hike odds

Reported by Danish Ansari (Fact-Checker) · Livemint - Markets ·

Unconfirmed — Reported by one source so far

Reported by one source so far

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BusinessTSX climbs 1.5% as weak jobs data cuts rate‑hike odds
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TSX posts biggest gain in five weeks as rate hike bets recede. TORONTO, - Canada's main stock index rose on Friday by the most in five weeks, led by gains for Aritzia and metal mining shares, as weaker-than-expected domestic jobs data reduced expectations for Bank of Canada interest rate hikes. The Toronto Stock Exchange's S&P/TSX Composite Index ended up 519.24 points, or 1.48%, at 35,664.62, marking its highest closing level in two weeks and its biggest advance since September 3. * For the week, the index added 0.46% after two straight weeks of declines. * "Markets didn't want to end three weeks down in a row." said Ben Jang, a portfolio manager at N

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