CANADA STOCKS-TSX rises, building on Monday's rally, led by financials

(Adds portfolio manager quote, updates prices, updates details)
* TSX up 24.54 points, or 0.18 percent, to 13,342.06
* Six of the TSX's 10 main groups were higher

By Fergal Smith
TORONTO, Nov 17 (Reuters) - Canada's main stock edged higher
on Tuesday, building on Monday's rally, led by strength in
heavyweight financial stocks and helped by positive sentiment
created by better-than-expected earnings from U.S. retailers.

"After you have a blowout day like you did yesterday and
then you had eight days in a row prior to that of dropping, one
has to wonder if it is a dead-cat bounce or one has to wonder if
there is follow-through, and so I can understand the market
being tentative today," said Barry Schwartz, portfolio manager
at Baskin Financial Services.
At 11:06 a.m. ET (1606 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE rose 24.54 points, or 0.18
percent, to 13,342.06.
Of the index's 10 main groups, six were in positive
territory.
Financials rose 0.6 percent, led by a 0.6 percent advance
for Toronto-Dominion Bank TD.TO to C$54.29 and a 0.8 percent
gain for Bank of Nova Scotia BNS.TO to C$60.6.
Energy stocks dipped 0.2 percent after soaring more than 4
percent on Monday. Pullback in crude oil weighed on the sector,
as security fears after last week's Paris attacks gave way to
concern about global oversupply in crude and petroleum products.
O/R
Enbridge Inc ENB.TO advanced 1.0 percent to C$49.92
following news that it is cutting 5 percent of its workforce in
response to low crude prices. urn:newsml:reuters.com:*:nL1N13C00S
The materials group fell 1.1 percent, including weakness in
gold stocks.
Goldcorp Inc G.TO fell 3.2 percent to C$15.51 and Barrick
Gold Corp ABX.TO fell 2.9 percent to C$9.88.
Valeant Pharmaceuticals International Inc (N:VRX) VRX.TO fell 1.2
percent to C$96.65 after Morgan Stanley (N:MS) cut its earnings
estimates and price target for the stock. urn:newsml:reuters.com:*:nL3N13C437

Strong results from Wal-Mart Stores Inc (N:WMT) and Home Depot Inc (N:HD)
gave U.S. retail stocks a boost. urn:newsml:reuters.com:*:nL3N13C48N
U.S. crude CLc1 prices were down 1.6 percent at $41.09 a
barrel, while Brent crude LCOc1 lost 1.4 percent to
$43.95. O/R
Gold futures GCc1 fell 0.7 percent to $1,075.8 an ounce.
GOL/
Copper prices CMCU3 were unchanged at $4,690 a tonne.
MET/L