* TSX up 83.56 points, or 0.62 percent, to 13,462.70
* Eight of the TSX's 10 main groups rise
TORONTO, March 11 (Reuters) - Canada's main stock index rose
on Friday as energy stocks gained on an oil rally and
heavyweight financial stocks also moved higher, with the index
tracking for a 1.9 percent weekly gain.
The energy group climbed 2.1 percent as crude prices were
supported by an optimistic report from the International Energy
Agency (IEA), saying the market may have reached its bottom.
Cenovus Energy Inc CVE.TO advanced 3.5 percent to C$17.18,
Suncor Energy Inc SU.TO gained 1.4 percent to C$34.76, and
Canadian Natural Resources CNQ.TO rose 1.5 percent to C$35.77.
The overall energy gain came despite an 8.6-percent fall to
C$3.20 for Canadian Energy Services & Technology CEU.TO . It
reported a loss on lower revenue and forecasting that 2016 would
be even more challenging.
Other influential gainers included Canadian National Railway
CNR.TO , which rose 1.1 percent to C$79.58, and insurer
Manulife Financial Corp MFC.TO , which added 1.4 percent to
C$18.49.
The financials sector gained 0.6 percent and industrials
rose 0.9 percent.
At 10:08 a.m. EST (1508 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 83.56 points, or 0.62
percent, to 13,462.70.
Eight of the index's 10 main groups were in positive
territory, with almost five gainers for every decliner and 13
stocks hitting fresh 52-week highs.
The index has gained steadily in recent weeks, with some
investors questioning whether the gains are sustainable amid
limp economic data and uninspiring corporate earnings.
The Canadian economy unexpectedly shed jobs last month, data
from Statistics Canada showed on Friday.
The materials group, which includes precious and base metals
miners and fertilizer companies, slipped 0.4 percent as gold
miners pulled back from recent solid gains.
Barrick Gold Corp ABX.TO was off 0.6 percent at C$18.81
and Eldorado Gold Corp ELD.TO declined 3.7 percent to C$4.66.