TORONTO (Reuters) — The Toronto Stock Exchange’s main index soared yesterday as energy issues led a broad rally that helped negate more of the losses that followed Ottawa’s surprise decision this week to start taxing income trusts.The S&P/TSX composite index closed up 108.31 points, or 0.9 percent, at 12,239.04. Overall, eight of the TSX index’s ten main groups advanced, led by oil and gas producers, up 2.8 percent.

After losing 294 points on Wednesday, the TSX rebounded 189 point in the following two sessions.

The oil patch was flooded with positive news yesterday: US crude futures jumped more than $1 to settle above $59 a barrel on security concerns at facilities in Nigeria and Indiana, while data showed Alberta’s hiring frenzy pushed Canada’s unemployment rate to near a 30-year low last month.

In news expected to delay any interest rate cuts by the Bank of Canada, Statistics Canada said the jobless rate fell 0.2 percentage points to 6.2 percent in October.

EnCana Corp. represented the TSX’s biggest gainer by weight, up C$1.44, or 2.7 percent, at C$54.25.

The trust-laden energy sector was undeterred by news the government has no intention of exempting it from a tax on income trusts. Canadian Oil Sands Trust was the star among the sector’s trusts, up C$1.11, or 4.1 percent, at C$28.28.

The bruised S&P/TSX income trust sub-index, which tracks 75 of the market’s 253 trusts, rebounded by 3.8 percent after dropping more than 16 percent in the previous two sessions. Most listed trusts gained as investors saw value in names that may have been oversold.

Pengrowth Energy Trust climbed C$1.22, or 6.6 percent, to C$19.83, while Penn West Energy Trust added C$1.52, or 4.5 percent, to C$35.27.

Telus Corp. skidded 35 Canadian cents, or 0.6 percent, to C$57.38 as it reported a 68 percent jump in third-quarter net income. The telecoms company, along with rival BCE Inc., had planned to convert to the tax-advantaged trust structure — a plan that is now expected to be shelved.

Meanwhile, quietly resilient gold producers jumped another 1.1 percent as bullion futures rose above $630 an ounce for the first time in eight weeks.

Kinross Gold Corp. said stronger prices helped the world’s eighth biggest gold producer to a third-quarter profit. Kinross stock was up 9 Canadian cents, or 0.6 percent, at C$14.99.[box] The Canadian dollar rose versus the greenback yesterday and made big gains against overseas currencies as strong Canadian and US jobs data firmed confidence in the economy and eased worries of a US-driven trade slowdown.Bond prices sank as the strong jobs performance smothered expectations of US or Canadian interest rate cuts in the near future.

The Canadian currency finished at C$1.1293 to the US dollar, or 88.55 US cents, up from C$1.1337, or 88.21 US cents, at Thursday’s North American session close.

Canada’s economy added 50,500 jobs in October, more than three times expectations, while the unemployment rate fell to 6.2 percent.