CANADA STOCKS-TSX jumps as commodity prices drive up resource shares

Tue Sep 8, 2015 5:00pm EDT
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(Adds strategist comment, market details; updates prices)

* TSX up 152.36 points, or 1.13 percent, at 13,630.67

* Nine of the TSX's 10 main groups higher

By Alastair Sharp

TORONTO, Sept 8 (Reuters) - Canada's main stock index ended higher on Tuesday as gains in copper and oil prices helped boost shares of mining and energy companies.

Copper prices strengthened as weak Chinese data prompted bets that Beijing would move to stimulate the world's second-largest economy.

The rebound in the benchmark Canadian index follows a 2.8 percent decline in the previous week, triggered by concerns over China's economic growth.

The materials group, which includes miners, climbed 1.2 percent, with First Quantum Minerals Ltd surging 22.9 percent to C$7.62 and Teck Resources Ltd advancing 5.9 percent to C$8.64.

Copper added 3.8 percent after the data, which was mostly negative but showed copper imports holding up.   Continued...