CANADA STOCKS-TSX rises, led by gold miners after weak U.S. data

Thu Sep 1, 2016 5:38pm EDT
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(Adds analyst quotes, details on index's performance; updates prices)

* TSX ends up 85.96 points, or 0.59 percent, at 14,683.91

* Eight of the TSX's 10 main groups move higher

By Fergal Smith

TORONTO, Sept 1 (Reuters) - Canada's main stock index rose on Thursday, led by gold mining stocks after weak U.S. manufacturing data tempered expectations for Federal Reserve interest hikes.

Gold rebounded from a two-month low as the U.S. dollar fell on manufacturing data that raised doubts about the economy's strength.

"Sloppy data" reduces expectations for a Fed rate hike in September, said Diana Avigdor, portfolio manager and head of trading at Barometer Capital Management.

U.S. jobs data is due on Friday, which may offer clues on the outlook for U.S. interest rates.

Gold miners gained after losing significant ground in August, with Barrick Gold adding 4.6 percent to C$23.31.   Continued...