Canada's benchmark S&P/TSX composite index climbed 1% to close at 35,333.96 points on Friday, buoyed by a broad rally in the mining sector.
The advance followed the release of weaker-than-expected US jobs data, which reduced market expectations for further interest rate hikes by the Federal Reserve.
The softer labor market print provided immediate relief to precious metals, with gold prices rising on the back of diminished yield pressures.
Mining equities, which carry significant weight in the Toronto exchange, led the index higher as investors rotated into commodities sensitive to lower real rates.
The move in Canadian equities mirrors a broader risk-on sentiment seen across global markets.
Australian equities also posted strong gains, with the S&P/ASX 200 finishing its strongest week in three months, driven by similar macroeconomic tailwinds.