(Adds details from early trade, updates prices)
* TSX up 50.35 points, or 0.35 percent, at 14,326.51
* Seven of the TSX's 10 main groups rise
TORONTO, June 7 (Reuters) - Canada's main stock index
extended its recent run to a more than 9-month high on Tuesday
as oil and gas stocks jumped with buoyant crude prices and
heavyweight financial stocks also rose.
The overall gains were capped by a sharp fall in shares of
Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO .
Valeant's stock fell 19.6 percent to C$29.76 after the
embattled drug company missed quarterly profit estimates on
weakness in its dermatology business and cut its full-year
earnings and revenue forecast.
Still, at 10:10 a.m. EDT (1410 GMT), the Toronto Stock
Exchange's S&P/TSX composite index .GSPTSE was up 50.35
points, or 0.35 percent, at 14,326.51. That was its highest
level since mid-August.
Seven of the index's 10 main groups were in positive
territory, with seven rising stocks for every three decliners.
The most influential gainers included Royal Bank of Canada
RY.TO , which rose 0.6 percent to C$79.82, and Toronto-Dominion
Bank TD.TO , which also added 0.6 percent, to C$57.69.
Pipeline operator Enbridge Inc ENB.TO advanced 1.6 percent
to C$54.64 and Suncor Energy Inc SU.TO added 1.6 percent to
C$36.40. The overall energy group, which accounts for almost 20
percent of the index's weight, climbed 1.7 percent.
Oil prices hit their highest in eight months, buoyed by the
U.S. dollar nearing one-month lows and by falling Nigerian oil
output after a spate of attacks on infrastructure. O/R
The financials group, more than one third of the index's
weight, gained 0.5 percent.
Canadian National Railway Co CNR.TO was up 0.2 percent at
C$77.20 after announcing its CEO would step down for medical
reasons.