* TSX up 29.61 points, or 0.2 percent, to 15,164.61
* Six of the TSX’s 10 main groups are up
* Energy stocks up 0.5 percent, materials rise 0.9 percent
TORONTO, July 14 (Reuters) – Canada’s main stock index rose
on Friday as gold stocks, burnished by stronger gold prices, and
energy firms, helped lead the market.
Barrick Gold was the most influential mover on the
index, rising 1.9 percent to C$20.36. Late on Thursday, a union
representing workers at the Zaldivar copper mine in Chile, owned
by Barick and Antofagasta Plc, said talks would resume after
voting to strike earlier this week.
Goldcorp advanced 1.9 percent to C$16.69.
The U.S. dollar fell and bolstered the price of gold, which
touched its highest level in nearly two weeks, following weak
U.S. inflation and retail sales data. Gold futures rose
0.9 percent to $1,226.7 an ounce.
The materials group, which encompasses miners and fertilizer
producers, added 0.9 percent.
The energy group was up 0.5 percent on the back of firmer
oil prices, which gained on signs of greater demand. U.S. crude
prices were up 1.2 percent to $46.61 a barrel.
Encana Corp added 1.2 percent to C$11.90.
At 10:29 a.m. ET (1429 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index rose 29.61 points, or 0.2
percent, to 15,164.61, after a brief turn into negative
territory. Six of the 10 main index groups rose.
Tempering gains was a 0.1 percent loss by the influential
financials group, weighed by small dips among Canada’s biggest
Consumer discretionaries also retreated, sliding 0.1
Advancing issues outnumbered declining ones on the TSX by
165 to 77, for a 2.14-to-1 ratio on the upside.
(Reporting by Solarina Ho; Editing by Phil Berlowitz)