(Adds details throughout on stocks and sectors, updates prices)
* TSX up 87.25 points, or 0.56 percent, at 15,704.55
* Index breaches its 15,685.13 peak from September 2014
TORONTO, Feb 10 Canada's main stock index rose
on Friday to an all-time high on strengthening oil prices and
hopes of business-friendly tax cuts in the United States, while
a surge in domestic jobs suggested the country's economy was
At 10:40 a.m. ET (1540 GMT), the Toronto Stock Exchange's
S&P/TSX composite index rose 87.25 points, or 0.56
percent, to 15,704.55, having breached its 15,685.13 peak from
U.S. President Donald Trump's promise of a "phenomenal" tax
plan has helped revive a post-election rally in stocks, with
Wall Street also reaching record highs.
U.S. crude prices were up 1.8 percent at $53.95 a
barrel after reports that Organization of the Petroleum
Exporting Countries members delivered more than 90 percent of
the output cuts they pledged in a landmark deal that took effect
Canadian Natural Resources Ltd climbed 1.3 percent
to C$39.54, while the overall energy group gained 1.1 percent.
Cameco Corp rose 0.8 percent to C$14.35 even after
it reported on Thursday a lower-than-expected quarterly profit,
hurt by weak uranium prices.
The heavyweight financials group rose 0.6 percent as bond
yields climbed, with Royal Bank of Canada advancing 0.8
percent to C$96.89.
Higher bond yields reduce the value of insurance companies'
liabilities and increase net interest margins of banks.
Agrium Inc forecast on Thursday a less profitable
year than expected and said its quarterly profit plunged.
Still, ,the fertilizer maker's shares rose 0.8 percent to
C$137.80, while the materials group, which includes precious and
base metals miners and fertilizer companies, added 0.6 percent.
Gold futures fell 0.4 percent to $1,230.5 an ounce
but copper prices jumped 4.2 percent to $6,066 a tonne
due to a strike at the world's biggest copper mine in Chile.
Sierra Wireless Inc surged more than 26 percent to
C$30.84 after reporting fourth-quarter and full-year 2016
results on Thursday.
Canadian job growth unexpectedly surged in January as hiring
in the service sector helped the labor market build on its
momentum from the latter part of 2016.
(Reporting by Fergal Smith; Editing by Jonathan Oatis)