• TSX ends up 0.8% at 24,162.83
• Eclipses Tuesday's record closing high
• Tech rises 2%; Shopify adds 5.6%
• Energy gains 8.5% for the week

Oct 4 (Reuters) - Canada's commodity-linked main stock index rose to a record high on Friday as oil extended this week's sharp gains and a blowout U.S. employment report allayed concern about a slowdown in the American economy.

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) , opens new tab ended up 194.33 points, or 0.8%, at 24,162.83, moving past the record closing high it posted on Tuesday.

For the week, the index added 0.9%, its fourth straight weekly advance.

The major U.S. stock indexes also moved higher on Friday as the U.S. economy added more jobs than expected in September.

"It was a strong report across the board, showcasing that the U.S. economy remains resilient in the face of worries about an economic slowdown," said Angelo Kourkafas, a senior investment strategist at Edward Jones. "That's clearly positive for stocks."

Technology rose 2%, helped by a 5.6% gain for the shares of e-commerce company Shopify Inc (SHOP.TO) , opens new tab.

Going forward, investors could increase participation in cyclical sectors, helping the Toronto market, Kourkafas said.

Combined, the economically sensitive financials, materials and energy sectors account for 63% of the TSX's weighting.

Financials ended up 0.9% on Friday, while energy added 1.3% and was up 8.5% for the week, its biggest weekly advance since October 2022.

The price of oil rose for a fourth consecutive session, settling 0.9% higher at $74.38 a barrel, as investors braced for a potential Israeli strike on Iranian energy infrastructure.

U.S.-based Coeur Mining (CDE.N) , opens new tab will buy SilverCrest Metals Inc (SIL.TO) , opens new tab for about $1.7 billion, the companies said, as miners look to secure reserves amid surging demand for silver. Shares of SilverCrest jumped 9.7%.

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https://www.reuters.com/markets/tsx-futures-subdued-ahead-us-jobs-data-2024-10-04/