(Reuters) - Canada's main stock index rose on Friday, recovering from the previous session, as materials stocks gained due to a rise in bullion prices.
The materials sector (GSPTTMT), which includes precious and base metals miners and fertilizer companies, added 1.7% as gold futures
At 9:41 a.m. ET (14:41 GMT), the Toronto Stock Exchange's S&P/TSX composite index (GSPTSE) was up 139.91 points, or 0.84%, at 16,722.09.
The energy sector (SPTTEN) climbed 1.6% even though U.S. crude (CLc1) prices were down 0.7% a barrel, while Brent crude (LCOc1) lost 0.6%. [O/R]
Both the financials sector (SPTTFS) and the industrials sector (GSPTTIN) gained 0.8%.
The biggest percentage gainer on the TSX was CCL Industries Inc (TO:CCLb), jumping 8.4% after the packaging products maker posted upbeat third-quarter earnings.
CCL was followed by another packaging products maker, Intertape Polymer Group Inc (TO:ITP), which rose 7.2% after multiple brokerages turned bullish on the company.
On the TSX, 197 issues gained, while 23 declined in a 8.57-to-1 ratio favoring gainers, with 24.57 million shares traded.
Altus Group Ltd (TO:AIF) fell 5.8%, the most on the TSX, followed by Fortuna Silver Mines Inc (TO:FVI), down 3.9%, after the miner's third-quarter adjusted profit fell below analysts' estimates.
The most heavily traded shares by volume were Manulife Financial Corp (TO:MFC), Enbridge Inc (TO:ENB), and Zenabis Global Inc (TO:ZENA).
The TSX posted three new 52-week highs and no new low.
Across all Canadian issues, there were 16 new 52-week highs and one new low, with 38.17 million shares traded.