(Adds details, updates prices)
* TSX up 116.67 points, or 0.96 percent, at 12,259.83
* All of the TSX's 10 main groups move higher
TORONTO, Jan 26 (Reuters) - Canada's main stock index rose
on Tuesday as shares in banks and energy companies were helped
higher by a recovery in the price of oil to above $30 a barrel.
There were six gainers for every decliner on the Toronto
Stock Exchange's S&P/TSX composite index .GSPTSE in morning
trade, with all ten main groups gaining.
At 10:10 a.m. EST (1510 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 116.67 points, or 0.96
percent, at 12,259.83.
The most influential risers were mostly banks and energy
stocks, which together account for more than half of the index's
weight and have both fluctuated in recent days in tandem with
moves in the oil market.
The energy group climbed 2.5 percent, with pipeline operator
TransCanada Corp TRP.TO up 2.2 percent to C$46.92, Suncor
Energy Inc SU.TO adding 2.5 percent to C$30.70, and Canadian
Natural Resources CNQ.TO advancing 3.2 percent to C$25.70.
The financials group gained 0.8 percent, with
Toronto-Dominion Bank TD.TO rising 1.1 percent to C$50.75 and
insurer Manulife Financial Corp MFC.TO up 1.4 percent to
C$18.47.
Oil rose towards $31 a barrel on Tuesday, lifted by hopes
that OPEC and non-OPEC producers may be edging closer to a deal
to tackle one of the biggest supply gluts in decades.
U.S. crude CLc1 prices were up 1.7 percent to $30.86 a
barrel, while Brent crude LCOc1 added 2.3 percent to $31.2.
Retailer Metro Inc MRU.TO fell 1.7 percent to C$41.15
after hitting an all-time high on better-than-expected profit
and a hike in its dividend.