(Adds details throughout on stocks and sectors, updates prices)
* TSX up 23.32 points, or 0.17 percent, to 13,798.51
* Index touched its highest since May 3 of 13,829.73.
* Six of the TSX's 10 main groups were higher
TORONTO, May 11 (Reuters) - Canada's main stock index rose
to a one-week high on Wednesday, led by energy and financial
stocks as oil turned higher after the release of weekly
inventory data.
Financials rose 0.4 percent, including a nearly 2 percent
advance in the shares of Sun Life Financial Inc SLF.TO to
C$43.65.
The company reported a 13 percent increase in underlying net
income in the first quarter, exceeding estimates as it benefited
from strong growth in the United States and Canada. prices turned positive after government data showed a
surprise U.S. crude stock draw. U.S. crude CLc1 prices rose
1.8 percent to $45.47 a barrel. O/R
Encana Corp ECA.TO rose 8.1 percent to C$8.55, while
Cenovus Energy Inc CVE.TO rose 1.4 percent to C$18.99 and the
overall energy group gained 1 percent.
Market participants are closely watching for the prospect of
further restarts by Canadian oil sands producers near
wildfire-ravaged Fort McMurray as some companies began slowly
bringing operations back online.
At 11:02 a.m. EDT (1502 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 23.32 points, or 0.17
percent, to 13,798.51. It touched its highest since May 3 of
13,829.73.
Six of the index's 10 main groups were higher.
The index on Tuesday scored its largest gain since
mid-February as oil rose. It has rallied nearly 20 percent since
hitting an almost 3-1/2-year low in January but has been unable
to climb back above the 14,000 threshold.
Canada's InnVest Real Estate Investment INN_u.TO said that
it has entered into an agreement to be bought by Bluesky Hotels
and Resorts. Its shares jumped nearly 29 percent to C$7.06.
Industrials lost 0.7 percent as railway stocks dragged,
while the materials group, which includes precious and base
metals miners and fertilizer companies, fell 0.3 percent.
The shares of Kinross Gold Corp K.TO fell 4.8 percent to
C$6.81. The company reported lower-than-expected quarterly
revenue as the world's fifth-biggest gold miner struggled with
lower realized gold prices.