CANADA STOCKS-TSX jumps 1 percent as energy, mining stocks power on

Mon Mar 7, 2016 10:39am EST
 
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(Adds details, updates prices)

* TSX up 168.02 points, or 1.27 percent, at 13,380.52

* All of the TSX's 10 main groups higher

TORONTO, March 7 (Reuters) - Canada's main stock index rose 1 percent on Monday, hitting another fresh 2016 high as mining and energy stocks gained on the back of higher oil and gold prices.

The energy group climbed 1.7 percent, while the materials sector, which includes precious and base metals miners and fertilizer companies, added 3.3 percent.

The most influential gainers on the index included Barrick Gold Corp, up 5.4 percent to C$19.27, Goldcorp Inc advancing 7.3 percent to C$21.65, and Potash Corp adding 2.8 percent to C$25.23.

Suncor Energy Inc rose 2.7 percent to C$34.65, and Enbridge added 1.2 percent to C$49.49.

Brent crude hit a three-month high, extending gains that have lifted crude benchmarks by more than one-third from this year's lows on an improving global outlook and stronger sentiment for a market recovery, while gold hovered just below a 13-month high.

At 10:19 a.m. EST (1519 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 168.02 points, or 1.27 percent, at 13,380.52.   Continued...