(Adds details, updates prices)
* TSX up 81.99 points, or 0.62 percent, to 13,362.38
* Nine of the TSX's 10 main groups rise
TORONTO, Nov 18 (Reuters) - Canada's main stock index rose
on Wednesday, led by railway and pipeline stocks in a
broad-based but relatively shallow recovery from Tuesday's slip.
The most influential gainer on the index was Canadian
Pacific Railway Ltd CP.TO , which rose 5.5 percent to C$194.88
after the company made public a proposal to buy Norfolk Southern (N:NSC)
that it said could help it save $1.8 billion.
Its rival, Canadian National Railway Co CNR.TO advanced
1.7 percent to C$78.32.
The overall industrials group gained 2.1 percent, while the
materials group rose 1 percent.
Teck Resources Ltd TCKb.TO gained 3.4 percent to C$6.44
after the largest producer of steel-making coal in North America
said it would cut its workforce by about 9 percent.
At 9:57 a.m. (1457 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 81.99 points, or 0.62
percent, to 13,362.38.
Nine of the index's 10 main groups were in positive
territory, with utilities barely lower, and advancers
outnumbered decliners by 179 to 56, for a 3.2-to-1 ratio on the
upside.
The energy group climbed 0.2 percent, helped by gains among
pipeline companies. Enbridge Inc ENB.TO advanced 1.4 percent
to C$50.30 and TransCanada Corp TRP.TO gained 1.5 percent to
C$43.11.
Suncor Energy SU.TO , the country's largest oil and gas
producer, declined 3.2 percent to C$37.34 after it said 2016
capital spending will increase and production will slip.
Canadian Oil Sands Ltd COS.TO , which Suncor has offered to
buy, declined 2.4 percent to C$9.21.
U.S. crude CLc1 prices were up 1 percent to $41.06 a
barrel, while Brent LCOc1 added 1.2 percent to $44.11.