* TSX up 29.12 points, or 0.24 percent, to 12,403.02
* Seven of the TSX's 10 main groups rise
TORONTO, Jan 13 (Reuters) - Canada's main stock index rose
on Wednesday, led by consumer discretionary stocks, although
earlier gains were pared as crude oil prices fluctuated.
The index rallied in early trade after positive Chinese
trade data helped support oil prices. It followed a higher close
on Tuesday, breaking a nine-session slump that had taken the
index to its lowest since July 2013.
However, oil briefly reversed course after a rise in weekly
U.S. crude inventories fed into bearish sentiment about the
deepening global supply glut that has brought prices close to
12-year lows.
Energy stocks rose 0.2 percent, but gains were later pared.
U.S. crude CLc1 prices were up 0.7 percent to $30.65 a
barrel while Brent crude LCOc1 lost 0.8 percent to $30.62.
O/R
Shaw Communications Inc SJRb.TO rallied more than 8
percent to C$25.36. The company said it would sell its media
unit to Corus Entertainment Inc CJRb.TO for C$2.65 billion
($1.9 billion), gaining funding for its Wind Mobile purchase.
Magna International Inc MG.TO rose 4.6 percent to C$52.85
after the company said it expected sales in its auto parts
manufacturing business to rise about 15.7 percent this year,
helped by acquisitions.
The overall consumer discretionary group was up 2.3 percent.
At 11:17 a.m. EST (1617 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 29.12 points, or 0.24
percent, to 12,403.02. Of the index's 10 main groups, seven were
in positive territory.
Financials edged 0.1 percent higher, including a 1.4 percent
advance for Brookfield Asset Management Inc BAMa.TO to
C$41.94.
Railway stocks were a drag, including a 1.8 percent drop in
Canadian National Railway Co CNR.TO to C$73.57.