TSX Ends Week On A High Note As Oil Rises -- Canadian Commentary

(RTTNews) - Canadian stocks climbed for a second day Friday, as resource companies were boosted by lackluster U.S. jobs data that might delay a Federal Reserve interest rate hike.

The Labor Department said non-farm payroll employment climbed by 151,000 jobs in August after surging up by an upwardly revised 275,000 jobs in July.

Economists had expected an increase of about 175,000 jobs compared to the jump of 255,000 jobs originally reported for the previous month.

Meanwhile, Canada's trade deficit narrowed to C$2.5 billion in July.

The S&P/TSX Composite Index was up 111.79 points, or 0.76 percent, to 14,795.70.

In corporate news, Enbridge (ENB.TO) has announced further delays for its $2.6B Sandpiper pipeline project.

October WTI crude rose $1.28, or 3%, to settle at $44.44 a barrel on the New York Mercantile Exchange. However, prices were down 6.7% for the week.