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TSX end down 0.01% at 27,758.68

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For the week, the index adds 2.7%

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Open Text ( OTEX ) shares jump 10.0% on earnings beat

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Shares of Sun Life Financial ( SLF ) decline 7.9%

(Updates at market close)

By Twesha Dikshit and Fergal Smith

Aug 8 (Reuters) - Canada's main stock index ended

marginally lower on Friday but still notched a hefty weekly

gain, as investors cheered corporate earnings and shrugged off

domestic data that showed the economy shedding jobs last month.

The S&P/TSX composite index ended down 2.59

points, or 0.01%, at 27,758.68, having pulled back from a record

closing high on Wednesday.

For the week, the index was up 2.7%, its biggest weekly gain

since September last year, as Shopify Inc took over as Canada's

most valuable publicly traded company. The e-commerce company

reported on Wednesday quarterly results that impressed

investors, sending its shares soaring more than 20%.

"The TSX has been benefiting this week from a generally

positive response to earnings that have been coming out in

Canada," said Colin Cieszynski, chief market strategist at SIA

Wealth Management.

"We had a job decline in Canada which, combined with the

disappointing U.S. numbers from last week, suggests the North

American employment market is slowing and that the economy

itself might be starting to slow."

The Canadian economy shed 40,800 jobs in July, giving back

some of the substantial gains seen in the prior month and

sending the share of people employed in the population to an

eight-month low.

Signs of slowing U.S. growth have fueled optimism over

Federal Reserve interest rate cuts, helping to push U.S. stocks

higher.

The TSX's technology group added 0.7% on Friday, with shares

of Open Text Corp ( OTEX ) climbing 10.0% after the software

company beat estimates with its quarterly results.

The materials group, which includes metal mining shares, was

up 0.6% as the price of copper climbed. Shares of Lundin

Gold ( LUGDF ) ended 6.5% higher after the company reported

quarterly results.

Sun Life Financial Inc ( SLF ) was a drag. Its shares

dropped 7.9% after the life insurer said it would miss a 2025

profit target for its dental business in the U.S. due to

uncertainty in Medicaid funding.

Heavily weighted financials dipped 0.2% and consumer

discretionary ended 1% lower.