CANADA STOCKS-TSX gains with commodities as Brexit fears abate

Fri Jun 17, 2016 10:32am EDT
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(Adds details on energy, materials sectors; updates prices)

* TSX up 65 points, or 0.47 percent, at 13,947.41

* Seven of the TSX's 10 main groups were higher

TORONTO, June 17 (Reuters) - Canada's main stock index rose on Friday as commodity prices pushed higher and global worries about Britain voting to leave the European Union next week abated.

Oil rose for the first time in seven sessions, while gold was set for its third week of gains and copper steadied after a sharp drop.

At 10:00 a.m. EDT (1400 GMT), the resource-rich Toronto Stock Exchange's S&P/TSX composite index was up 65 points, or 0.47 percent, to 13,947.41. It is on track for a 0.6 percent decline on the week.

The most influential movers on the index included oil producers Canadian Natural Resources, which gained 2.2 percent to C$38, and Suncor Energy Inc, up 0.8 percent to C$34.30. The energy group climbed 1.9 percent.

Suncor has launched an auction of its Petro-Canada lubricants division, people familiar with the matter said.

The heavyweight financials sector rose 0.4 percent, while the materials group, which includes precious and base metals miners and fertilizer companies, added 0.8 percent.   Continued...