CANADA STOCKS-TSX rises 1 pct as resource, industrial stocks jump

Wed Oct 28, 2015 10:26am EDT
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* TSX up 138.91 points, or 1.01 percent, to 13,838.91

* Eight of the TSX's 10 main groups rise

TORONTO Oct 28 (Reuters) - Canada's main stock index jumped 1 percent on Wednesday, led by energy companies, gold miners and railway stocks, while consumer names weighed.

Among major stock index movers were Canadian National Railway, which rose 3.9 percent to C$82.57 as higher freight rates helped it report a lift in revenue despite lower volumes.

Barrick Gold Corp advanced 4.7 percent to C$10.49, as the price of bullion pushed above $1,170 an ounce ahead of a U.S. Federal Reserve rate policy decision.

The overall materials group, which includes miners, climbed 2.1 percent, while industrial stocks were up 1.9 percent.

At 10:12 a.m. ET (1412 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 138.91 points, or 1.01 percent, to 13,838.91.

Advancers outnumbered decliners by 197 to 40, for a 4.9-to-1 ratio on the upside.

On the negative side, convenience store chain Alimentation Couche-Tard slipped 2.3 percent to C$57.47 and Cott Corp fell 8.9 percent to C$13.83 after the beverage company's earnings missed expectations.   Continued...