CANADA STOCKS-TSX rises with gains for banks, energy stocks

Fri Oct 14, 2016 10:44am EDT
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(Adds details on specific stocks, sectors; updates prices)

* TSX up 65.83 points, or 0.45 percent, to 14,709.54

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

TORONTO, Oct 14 (Reuters) - Canada's main stock index rose on Friday, led by energy and financial stocks as stronger-than-expected Chinese inflation data supported global equity markets.

At 10:22 a.m. EDT (1422 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 65.83 points, or 0.45 percent, to 14,709.54. It was on track for a 1 percent gain on the week.

Eight of the index's 10 main groups were in positive territory, with three advancers for every decliner.

Teck Resources Ltd rebounded 3.3 percent to C$24.70 after falling on Thursday with weak Chinese data.

September producer prices in China unexpectedly rose for the first time in nearly five years, while consumer inflation also beat expectations, easing some concerns about the health of the world's second-biggest economy.

The country's biggest banks and energy companies featured among its most influential gainers, with Royal Bank of Canada up 0.7 percent to C$83.15 and Suncor Energy Inc advancing 0.8 percent to C$37.88.   Continued...