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Reuters Company NewsJun 05, 2020
CANADA STOCKS-TSX hits 3-month high on better-than-expected jobs data, oil price rise
Canada's main stock index hit a three-month high on Friday, helped by tentative signs of a rebound in domestic employment rate and energy stocks that gained on a jump in oil prices.

MarketWatch MarketPulseJun 05, 2020
Oil futures rally on signs of economic recovery and bets that OPEC will extend output cuts
Oil futures rallied Friday, buoyed by better-than-expected data on U.S. employment and expectations that the Organization of the Petroleum Exporting Countries and its allies will agree to extend current production cuts at a meeting Saturday. U.S. prices were up by more than 11% for the week. July West Texas Intermediate oil rose $2.14, or 5.7%, to settle at $39.55 a barrel on the New York Mercantile Exchange Friday. That was the highest front-month contract settlement since March 6, according to Dow Jones Market Data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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