CANADA STOCKS-TSX gains on resource rebound; posts small weekly loss

Fri Jul 29, 2016 5:12pm EDT
 
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(Adds portfolio manager comment, updates prices to close)

* TSX settles up 30.02 points, or 0.21 percent, at 14,582.74

* Six of TSX's 10 main groups fall

* Index slips 0.1 pct on week; breaks 4-week rising streak

By Alastair Sharp

TORONTO, July 29 (Reuters) - Canada's main stock index rose on Friday, as its large energy sector recouped some losses from earlier in the week with oil prices steadying, and miners gained with gold trading at a three-week high.

The Toronto Stock Exchange's S&P/TSX composite index closed up 30.02 points, or 0.21 percent, at 14,582.74.

It slipped 0.1 percent on the week, after four straight weeks of gains.

The energy group rose 0.7 percent, while the materials group, which includes precious and base metals miners and fertilizer companies, gained 1 percent as gold prices rose on weak U.S. economic growth.   Continued...