Bay Street stocks rallied again on Wednesday, pushing Toronto's main index above the 10,000 mark for the first time since November. The market received a boost from better-than-expected employment data from the U.S.

The S&P/Composite Index has rallied 116.71 points or 1.18% to 9,997.59. The index earlier reached its highest intraday level since November 5, climbing above 10,000.

Gold stocks have climbed 3.7% while materials stocks are up 2.25%. The precious metal has rallied more than $6 per ounce to move near $910. Eldorado (ELD.TO) and Agnico-Eagle Mines (AEM.TO) has both added about 4%, while Goldcorp (G.TO) is up 2.75%.

Also among materials stocks, Agrium (AGU.TO) has slipped 1.5% after the company reported a first-quarter net loss of US$60 million or US$0.38 per share, compared to net earnings of US$195 million or US$1.23 per share in the same quarter last year. Rival Potash (POT.TO) is up 0.75%.

Mining stocks have rallied 2.2% as copper added 6.45 cents to $2.1415 per pound. First Quantum (FM.TO) has added 2.6%, Inmet (IMN.TO) is up 2.1% and FNX Mining (FNX.TO) has gained 1.5%.

Energy stocks ave gained 2.25% as crude oil added $1.48 to $55.31 per barrel. Suncor (SU.TO) has added 4%, Canadian Oil Sands (COS.UN.TO) is up 3.4% and Baytex Energy Trust (BTE.UN.TO) has gained 2.3%.

Enbridge (ENB.TO) has added 0.25% after it announced that its adjusted first quarter earnings were C$269.4 million or C$0.74 per share, compared to C$238.9 million or C$0.67 per share in the same quarter of last year.

Penn West Energy Trust (PWT_U.TO) has gained 1.6% after the company announced that its first quarter net loss was C$98 million or C$0.25 per unit-basic, compared to net income of C$78 million or C$0.22 per unit-basic in the first quarter of 2008.

In other economic news, CGI Group Inc. (GIB.A.TO) has slipped 0.6%. The company reported second-quarter net income of C$77.5 million or C$0.25 per share, compared to C$68.8 million or C$0.21 per share in the same quarter last year.

On the downside, the Healthcare Index is showing a 3.3% drop. Biovail (BVF.TO) has dropped nearly 15%. Drug maker GlaxoSmithKline (GSK) said it was selling its U.S. marketing rights for Wellbutrin to Biovail International Laboratories for $510 million or about GBP 340 million.

On the economic front, Statistics Canada reported the Industrial Product Price Index rose 0.3% in March following a 0.5% increase in February.

Canadian contractors took out $4.5 billion in building permits in March, up 23.5% from February, halting five consecutive monthly declines, according to Statistics Canada. March's increase came mainly from the non-residential sector in Ontario, Quebec and Alberta.

Across the border, an Automatic Data Processing report showed that non-farm private employment fell by 491,000 jobs in April following a revised decrease of 708,000 jobs in March. Economists had expected a decrease of 645,000 jobs compared to the loss of 742,000 jobs originally reported for the previous month.

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