(Adds details, updates prices)
* TSX up 39.93 points, or 0.32 percent, to 12,421.17
* Eight of TSX's 10 main groups rise
TORONTO, Feb 16 (Reuters) - Canada's main stock index rose
on Tuesday, helped by gains for financial and consumer names,
while gold miners weighed and the energy group was unimpressed
by a tentative production deal between Russia and Saudi Arabia.
The most influential movers on the index included Element
Financial Corp EFN.TO , which rose 4.9 percent to C$13.10 a
share after it said it will split its fleet management business
and its vendor and commercial financing business, creating two
publicly traded companies.
The financials group gained 0.6 percent.
The consumer groups were both higher, with staples up 1.0
percent and discretionary gaining 0.8 percent.
Restaurant Brands International Inc QSR.TO , the owner of
Burger King and the Tim Hortons coffee and doughnut chain,
jumped 5.7 percent to C$46.81 after its earnings beat
expectations.
At 10:22 a.m. EST (1522 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 39.93 points, or 0.32
percent, at 12,421.17.
The exchange had been closed on Monday for a public holiday.
Eight of the index's 10 main groups were in positive
territory, with advancers outnumbering decliners by almost
2-to-1.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 1.4 percent.
Barrick Gold Corp ABX.TO declined 3.0 percent to C$16.44,
Goldcorp Inc G.TO fell 4.7 percent to C$20.7, and Yamana Gold
was down 2.4 percent to C$3.62.
Gold futures GCc1 fell 2.1 percent to $1,212.6 an ounce.
GOL/
The energy group edged 0.2 percent higher after Russia and
Saudi Arabia dashed expectations of an outright supply cut by
agreeing only to freeze output at January levels if other big
exporters joined them. O/R
U.S. crude CLc1 prices were down 1.8 percent at $28.89 a
barrel, while Brent crude LCOc1 lost 2.4 percent to
$32.58. O/R
Shares in Cenovus Energy Inc CVE.TO slipped 0.5 percent to
C$14.44 after the oil producer said it may sell up to $5 billion
in stock, debt or other securities as it looks to shore up its
balance sheet amid a slump in oil prices.