TSX pares weekly decline

TORONTO, Aug 6 (Reuters): Canada's main stock index edged higher on Friday, recouping some of this week's decline, as stabilization in oil prices bolstered energy shares, while data showed that Canada's economy unexpectedly shed jobs for a second straight month in July.
The Toronto Stock Exchange's S&P/TSX composite index ended up 43.09 points, or 0.2 per cent, at 19,620.13, its third straight day of modest gains. For the week, it was down 0.4 per cent.
Gains for the TSX were limited after a solid US jobs report torpedoed recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation.
Meanwhile, Canadian data showed that employment fell 31,000 in July but analysts predicted that this would not stop the Bank of Canada from hiking interest rates further in September to fight inflation.