CANADA STOCKS-TSX rises as miners, railways gain; energy weighs

Wed Dec 16, 2015 10:52am EST
 
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(Adds details, updates prices)

* TSX up 81.9 points, or 0.63 percent, to 13,001.47

* Eight of the TSX's 10 main groups rise

TORONTO, Dec 16 (Reuters) - Canada's main stock index rose on Wednesday as a bump higher in commodity prices boosted mining stocks and investors braced for an expected U.S. interest rate hike from the Federal Reserve.

The overall materials group, which includes gold and base metal miners, fertilizer stocks and others, climbed 2.4 percent.

Valeant Pharmaceuticals International Inc added to its surge on Tuesday, up 4.6 percent to C$156.61 after projecting 30 percent profit growth in 2016.

At 10:36 a.m. EST (1536 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 81.9 points, or 0.63 percent, to 13,001.47, with eight of the index's 10 main groups in positive territory.

The index on Monday hit its lowest since August 2013.

The country's two main railway stocks gained, pushing the industrials group up 1 percent.   Continued...