CANADA STOCKS-TSX gains as copper price jump boosts miners

Tue Sep 8, 2015 11:05am EDT
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(Adds strategist comment, market details, updates prices)

* TSX up 169.86 points, or 1.26 percent, at 13,648.17

* Nine of the TSX's 10 main groups higher

By Alastair Sharp

TORONTO, Sept 8 (Reuters) - Canada's main stock index gained more than 1 percent in morning trade on Tuesday, helped by a jump in copper prices as weak Chinese data prompted bets that Beijing would move to stimulate the world's second-largest economy.

The materials group, which includes miners, climbed 1.2 percent, with First Quantum Minerals Ltd surging 13.1 percent to C$7.01 and Teck Resources Ltd advancing 7.2 percent to C$8.75.

Copper climbed 3 percent after the data, which while mostly negative showed copper imports holding up.

The metal has rebounded about 9 percent since touching a six-year low in late August, largely on fears of a hard landing in China.

Still, investors expressed skepticism on the sustainability of the bounce.   Continued...