CANADA STOCKS-TSX rebounds, gold rally provides lift

Thu May 14, 2015 11:03am EDT
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(Adds analyst comment, market details)

* TSX up 48.59 points, or 0.32 percent, at 15,029.31

* Eight of the TSX's 10 main groups higher

By Solarina Ho

TORONTO, May 14 (Reuters) - Canada's main stock index rose on Thursday as resource stocks, buoyed by a gold rally, helped the market rebound from recent losses.

The most influential movers on the index were Goldcorp Inc , which rose 2.84 percent to C$23.90, and Barrick Gold Corp, which advanced 1.5 percent to C$16.07.

The overall materials sector, home to mining companies, climbed 1.3 percent.

Gold prices touched a three-month high as the U.S. dollar retreated again following the latest batch of mixed U.S. data. Gold futures were up 0.6 percent at $1,225.6.

At 10:43 a.m. EDT (1443 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 48.59 points, or 0.32 percent, at 15,029.31.   Continued...