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CANADA STOCKS-TSX gets boost from energy and mining shares

Published 2017-11-17, 10:48 a/m
© Reuters.  CANADA STOCKS-TSX gets boost from energy and mining shares
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(Adds details on sectors and stocks throughout; updates prices)

TORONTO, Nov 17 (Reuters) - Canada's main stock index rose on Friday as higher commodity prices helped resource shares, but losses from earlier in the week left the index on course to snap a nine-week winning streak.

* At 10:42 a.m. ET (15:42 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 36.34 points, or 0.23 percent, to 15,971.71.

* Gains for the index came as data showing a drop in Canada's annual inflation rate gave the Bank of Canada room to wait until next year to raise interest rates again. Before this week, the TSX had advanced for nine consecutive weeks, a feat not seen since late 1996.

* The materials group, which includes precious and base metals miners and fertilizer companies, added 0.9 percent, while the energy group gained 0.6 percent.

* U.S. crude CLc1 prices were up 1.7 percent to $56.08 a barrel.

* Spot gold XAU= rose 0.5 percent to $1,285.35 and copper prices CMCU3 advanced 0.4 percent to $6,763.5 a tonne. MET/L

* The most influential movers on the index included Enbridge Inc ENB.TO , which rose 1.3 percent to C$44.58 and Teck Resources Ltd TECKb.TO , which gained nearly 3 percent to C$27.86.

* Financial shares, which account for 35 percent of the index's weight, firmed 0.2 percent.

* Seven of the TSX's 10 main groups gained ground.

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