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| November 15, 2018

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TSX hits 2-1/2-year high as resources gain after jobs data -

Toronto Stock Exchange logo is seen in TorontoBy John Tilak TORONTO (Reuters) – Canada's main stock index climbed to its highest in 2-1/2 years on Friday after weaker-than-expected jobs reports in North America boosted commodity prices, helping push up natural resource shares. Prices of gold, oil and other commodities gained on speculation that soft U.S. employment figures for December would push the U.S. Federal Reserve to delay winding down its monetary stimulus program. Government data showed the Canadian economy lost 45,900 jobs last month, resulting in a higher unemployment rate and raising expectations that the Bank of Canada might trim interest rates. The United States recorded the weakest jobs growth in about three years in December, with some indications that severe cold weather had an impact.



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