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CANADA STOCKS-TSX rises, bolstered by gold miners, energy stocks

Published 2017-07-14, 10:54 a/m
© Reuters.  CANADA STOCKS-TSX rises, bolstered by gold miners, energy stocks
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* TSX up 29.61 points, or 0.2 percent, to 15,164.61

* Six of the TSX's 10 main groups are up

* Energy stocks up 0.5 percent, materials rise 0.9 percent

TORONTO, July 14 (Reuters) - Canada's main stock index rose on Friday as gold stocks, burnished by stronger gold prices, and energy firms, helped lead the market.

Barrick Gold ABX.TO was the most influential mover on the index, rising 1.9 percent to C$20.36. Late on Thursday, a union representing workers at the Zaldivar copper mine in Chile, owned by Barick and Antofagasta (LON:ANTO) Plc, said talks would resume after voting to strike earlier this week. G.TO advanced 1.9 percent to C$16.69.

The U.S. dollar fell and bolstered the price of gold, which touched its highest level in nearly two weeks, following weak U.S. inflation and retail sales data. Gold futures GCc1 rose 0.9 percent to $1,226.7 an ounce. GOL/

The materials group, which encompasses miners and fertilizer producers, added 0.9 percent.

The energy group was up 0.5 percent on the back of firmer oil prices, which gained on signs of greater demand. U.S. crude CLc1 prices were up 1.2 percent to $46.61 a barrel. O/R

Encana Corp ECA.TO added 1.2 percent to C$11.90.

At 10:29 a.m. ET (1429 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 29.61 points, or 0.2 percent, to 15,164.61, after a brief turn into negative territory. Six of the 10 main index groups rose.

Tempering gains was a 0.1 percent loss by the influential financials group, weighed by small dips among Canada's biggest banks.

Consumer discretionaries also retreated, sliding 0.1 percent.

Advancing issues outnumbered declining ones on the TSX by 165 to 77, for a 2.14-to-1 ratio on the upside.

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