(Adds details on early trading)
* TSX up 89.33 points, or 0.65 percent, at 13,934.06
* Nine of its 10 main groups rise
TORONTO, Oct 14 (Reuters) - Canada's main stock index rose
on Wednesday, helped by gains among gold mining stocks as the
price of bullion hit its highest level since late June.
Miners were joined by heavyweight Valeant Pharmaceuticals (N:VRX)
International Inc VRX.TO as well as some energy names in the
push higher.
Gold's rise was helped by increased bets that the U.S.
Federal Reserve will hold off on raising interest rates this
year amid soft U.S. data and concerns over deflationary
pressures in China.
The most influential movers on the index included Goldcorp
Inc G.TO , which rose 3.4 percent to C$19.07, and Barrick Gold
Corp ABX.TO , which advanced 5.5 percent to C$10.23. Mining
finance company Franco-Nevada Corp FNV.TO added 2.7 percent to
C$65.58 and the overall materials group climbed 2.2 percent.
The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE was up 89.33 points, or 0.65 percent, at 13,934.06.
Nine of its 10 main sectors gained, with consumer staples down.
Advancers outnumbered decliners by 167 to 64, for a
2.61-to-1 ratio on the upside.
Energy stocks climbed 0.9 percent, with Suncor Energy Inc
SU.TO up 0.8 percent to C$36.78, and Canadian Natural
Resources CNQ.TO advancing 0.9 percent to C$30.77. Pipeline
operator Enbridge Inc ENB.TO added 0.6 percent to C$55.95.
Those gains occurred amid slips in crude prices on concerns
a supply glut will persist and demand will slow.
Valeant, a large weight known for outsized swings, jumped
5.5 percent to C$228.57.