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TSX ends up 0.39% at 22,311.30

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For the week, the index gains 0.38%

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Materials group gains 1.09%, with IAMGOLD ( IAG ) up 15.35%

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Algonquin Power & Utilities ( AQNB ) falls 12.60%

(Updates at market close)

By Fergal Smith

Aug 9 (Reuters) - Canada's main stock index closed out a

turbulent week for financial markets on a positive note on

Friday, helped by gains for some of the economically sensitive

sectors, such as financials and materials.

The Toronto Stock Exchange's S&P/TSX composite index

ended up 85.69 points, or 0.39%, at 22,311.30.

For the week, it was up 0.38%, with the index rebounding

after it fell on Wednesday to a near six-week low.

The market is recovering from an oversold condition after a

"dramatic washout" earlier in the week, said Brandon Michael,

senior investment analyst at ABC Funds.

U.S. jobless claims data on Thursday helped ease fears of a

slowdown in the American economy.

Data on Friday showed that Canada's economy shed 2,800 jobs

in July but some of the details were encouraging, including

increases in full-time jobs and hours worked.

"The TSX is being led higher today by a number of important

sectors, including materials, financials, technology, and

energy," Michael said.

"We view this as significant because these economically

sensitive sectors are good barometers and future indicators for

the economy and the stock market."

The materials group climbed 1.09% as copper prices

moved higher and was helped by a 15.35% jump in the shares of

IAMGOLD Corp ( IAG ) after the company reported quarterly

results.

The price of oil settled up 0.9% at $76.84 a barrel,

helping to support the energy sector, which ended 0.44% higher.

Financials rose 0.75% and technology was up 0.94%.

Among the biggest decliners was Algonquin Power & Utilities

Corp. ( AQNB ) Its shares tumbled 12.60% after the company

announced it would sell its renewable energy business, excluding

hydropower operations.

Shares of Canadian National Railway ( CNI ) and Canadian

Pacific Kansas City ( CP ) also ended lower after the Canadian

Teamsters union said a work stoppage could start on Aug. 22 if a

deal is not reached.