CANADA STOCKS-TSX rises to 9-month high as commodities rally

Tue May 31, 2016 10:54am EDT
 
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(Adds details throughout on stocks and sectors, updates prices)

* TSX up 49.82 points, or 0.35 percent, to 14,136.49

* Five of TSX's 10 main groups rise

TORONTO, May 31 (Reuters) - Canada's main stock index rose on Tuesday to a new nine-month high as higher commodities supported energy and mining stocks.

The most influential movers on the index included Canadian Natural Resources Ltd, which rose 1.6 percent to C$39.17, and Enbridge Inc, which advanced 3.2 percent to C$22.23.

The overall energy group rose 1.4 percent, while U.S. crude prices were up 1.2 percent to $49.94 a barrel.

The materials group, which includes precious and base metals miners and fertilizer companies, added 2.2 percent.

Barrick Gold climbed 3.1 percent to C$22.21, while Goldcorp Inc was up 2.6 percent at C$22.21 as spot gold gained 0.7 percent.

At 10:41 a.m. EDT (1441 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 49.82 points, or 0.35 percent, to 14,136.49.   Continued...