U.S. and Canadian stocks rallied as investors applauded the release of U.S. Labour Department figures that showed payrolls rising 157,000 in January.
Today in the markets
U.S. stocks rallied Friday to cap a fifth week of gains that lifted the Dow Jones Industrial Average above 14,000 for the first time in five years.
Canadian stocks were also higher as U.S. job creation and a strong showing in the U.S. manufacturing sector raised hopes that indexes can build on January gains.
The S&P/TSX Composite rose 83.59 points to 12,768.83, while the TSX Venture Exchange edged up 6.95 points to close at 1,228.66.
Active stocks included United Technologies Corp. (NYSE: UTX, Stock Forum) and International Business Machines Corp. (NYSE: IBM, Stock Forum), companies that contributed most to the Dow index’s rise on Friday. United Technologies rose 2.6% to $89.84, while IBM rose 1% to $205.18.
In Canada, Blackberry (TSX: T.RIM, Stock Forum) (NASDAQ: RIMM, Stock Forum), the company formerly known as Research in Motion, was up 0.70% to $13.01, after tumbling 17% over the last two sessions.
For news about small stocks that made big moves in Friday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report