(Adds details, updates prices)
* TSX rises 85.74 points, or 0.67 percent, to 12,839.34
* Seven of the TSX's 10 main groups were higher
TORONTO, Feb 26 (Reuters) - Canada's main stock index rose
on Friday as energy shares were boosted by oil hitting a
seven-week high and car parts maker Magna International Inc
MG.TO jumped after reporting healthy demand in Europe and
North America.
The energy group climbed 3.0 percent as strong U.S. gasoline
demand and supply disruptions outweighed concerns about a
fundamental oil glut. O/R
The most influential movers on the index included Canadian
Natural Resources CNQ.TO , which rebounded 5.7 percent to
C$28.29 one day after the oil company's debt was downgraded by
Moody's.
Suncor SU.TO advanced 1.4 percent to C$33.83 and pipeline
company Enbridge Inc ENB.TO added 2 percent to C$46.50.
At 10:22 a.m. EST (1522 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 85.74 points, or 0.67
percent, at 12,839.34.
Seven of the index's 10 main groups were in positive
territory, with gainers outnumbering decliners by more than
2-to-1.
Magna rose 6.6 percent to C$51.28, as it reported quarterly
sales growth, excluding a roughly $770 million hit from a strong
U.S. dollar.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 0.6 percent.
Gold futures GCc1 fell 1 percent to $1,225.5 an ounce and
copper prices CMCU3 advanced 2.1 percent to $4,697.5 a tonne.
MET/L GOL/
Teck Resources Ltd TCKb.TO jumped 7.4 percent to C$8.24
after several days of sharp falls following a management
shakeup.
The financials group gained 0.3 percent while industrials
rose 0.6 percent.
U.S. crude CLc1 prices were up 2.4 percent to $33.86 a
barrel, while Brent crude LCOc1 added 3.2 percent to
$36.41. O/R