TSX gains on higher oil stocks, robust employment recovery

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(Reuters) – Canada’s main stock index gained on Friday as energy stocks jumped on higher oil prices, while a surge in employment numbers to pre-pandemic levels signalled a strong economic recovery.

The Canadian economy posted a monster jobs gain in September, putting inflation back to pre-pandemic levels, and the unemployment rate hit an 18-month low, Statistics Canada data indicated on Friday. [L1N2R40XT]

At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 58 points, or 0.28%, at 20,474.21.

(Reporting by Shashank Nayar in Bengaluru)