TORONTO –
Canada’s main stock index rose 1.58 per cent Friday on broad-based gains while U.S. markets were all up by more than two per cent.
The S&P/TSX composite index was up 307.67 points at 19,814.51.
In New York, the Dow Jones industrial average was up 700.53 points, or 2.13 per cent, at 33,630.61. The S&P 500 index was up 86.98 points, or 2.28 per cent, at 3,895.08,while the Nasdaq composite was up 264.05 points, or 2.56 per cent, at 10,569.29.
“We are seeing a bit of a relief rally,” said Angelo Kourkafas, an investment strategist at Edward Jones, after the trading year got off to a less-than-stellar start earlier in the week.
Kourkafas said new employment data on both sides of the border, while still elevated, gave investors some hope.
Canada added a surprise 104,000 jobs in December and the unemployment rate decreased to five per cent,…
