TSX extends rally on materials strength

photoTORONTO (Reuters) – Toronto’s main stock index rose for a fifth-straight session on Thursday driven by materials issues, which climbed on higher bullion prices and unexpectedly strong U.S. jobs data that offset fears over Europe’s banking sector. A surge in U.S. private sector hiring helped reverse the market’s early retreat as the ADP National Employment Report for December showed U.S. employers added 325,000 new workers, nearly double economists’ predictions. The heavily weighted materials sector helped pull up the broader TSX index, rising 0.8 percent, as the strengthening U.S. …