CANADA STOCKS-TSX rises slightly, led by mining stocks

Mon Apr 27, 2015 11:00am EDT
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(Updates to early trading)

* TSX up 3.59 points, or 0.02 percent, at 15,411.92

* Miners gain as commodity prices rise

By Alastair Sharp

TORONTO, April 27 (Reuters) - Canada's main stock index gained on Monday as buoyant metal prices helped mining stocks rise and investors cheered first-quarter results from Restaurant Brands International Inc.

Restaurant Brands, formed by Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, gained 1.5 percent to C$51.36 as first-quarter revenue more than doubled compared with the fourth quarter.

Miners accounted for four of the five biggest positive impacts on the Toronto Stock Exchange's S&P/TSX composite index , as prices for copper, nickel and iron ore rose on hopes for stimulus in major buyer China. Gold also rose ahead of a U.S. Federal Reserve meeting later this week.

First Quantum Minerals Ltd jumped 6 percent to C$18.59, Barrick Gold Corp advanced 2.4 percent to C$15.60 and Silver Wheaton Corp added 3.3 percent to C$24.08.

The overall materials group climbed 1.3 percent.   Continued...