India, July 3 -- Extending the gains from two previous sessions, Canadian stocks edged higher on Friday after yesterday's U.S. nonfarm payrolls data cooled U.S. Federal Reserve rate hike concerns, leading to a rise in gold-linked metal stocks and a consequent surge in materials sector that lifted the index.
After opening higher than yesterday's close, today the benchmark S&P/TSX Composite Index traded positive throughout the session before settling at 35,274.84, up by 308.17 points (or 0.88%).
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