The Globe and Mail reports in its Saturday edition that Canada's main stock index rose to another record high on Friday, led by mining and real estate shares, as a surprise decline in U.S. employment last month cast doubt on a September interest-rate hike by the Federal Reserve. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended up 244.92 points at 36,381.23, eclipsing Wednesday's record closing high. For the week, the index added 3.3 per cent, its best showing in four months. U.S. non-farm payrolls decreased by 23,000 last month and payrolls for the prior two months were revised sharply lower. Canada's jobs report was more upbeat, with employment jumping by 75,100 positions and the jobless rate falling for the third consecutive month. Still, the data did not alter expectations for the Bank of Canada to leave its benchmark interest rate on hold at 2.25 per cent in September. The materials group, which includes metal mining shares, rose 4.7 per cent as gold climbed to a seven-week high on reduced Fed rate-hike expectations. B2Gold shares jumped 22.5 per cent and Iamgold was up 13.7 per cent after both companies reported quarterly results. Financials, however, declined 0.4 per cent.
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