Energy and telecoms help lift Toronto stocks

TORONTO — The energy and telecoms sectors helped Canada’s main stock index close higher Friday, while the loonie climbed on encouraging jobs data.

The S&P/TSX composite index closed up 105.17 points at 16,371.78 on broad-based gains.

In New York, the Dow Jones industrial average closed up 99.74 points at 24,456.48. The S&P 500 index closed up 23.21 points at 2,759.82 and the Nasdaq composite index ended up 101.96 points at 7688.39.

The Canadian dollar averaged 76.31 cents US, up 0.14 of a US cent after Statistics Canada data showed the economy added 31,800 positions in June while wages and the participation rate rose.

The August crude contract closed up 86 cents at US$73.80 per barrel and the August natural gas contract closed up two cents at US$2.86 per mmBTU.

The August gold contract closed down $3 at US$1255.80 an ounce and the September copper contract was down a penny at US$2.82 a pound.

By The Canadian Press

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