Job losses in the United States slowed during the month of May but the overall unemployment rate came in higher at 9.4 per cent. The bulls took the news to mean that the glass is half full, while the bears think the glass is half empty and in the end it was the bulls that prevailed during Friday’s session on the Canadian Markets. For the tale of the tape, the TSX Exchange rallied 0.88%, while the TSX Gold Index was the big loser by falling 3.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.43% with the advancers beating out the decliners by a 451 to 390 margin on a respectable 197 million shares traded.

The bulls once again showed their strength during Friday trading on the Canadian markets, with investors laying down bets that the worst of the economic storm has now passed. For the tale of the tape, the TSX Exchange added 1.01%, while the TSX Gold Index lost another 3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.72%, with the advancers edging out the decliners by a 390 to 352 margin on volume of 133 million shares traded.