CANADA STOCKS-TSX rises with energy stocks, miners after data

Tue Oct 18, 2016 11:10am EDT
 
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(Adds details on specific stocks, updates prices)

* TSX up 86.05 points, or 0.59 percent, at 14,682.57

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

TORONTO, Oct 18 (Reuters) - Canada's main stock index rose on Tuesday, led by gains for natural resource stocks in a broad rally after strong manufacturing data presented further evidence of a third-quarter economic rebound.

Teck Resources advanced 3.6 percent to C$26.49, touching its highest since mid-2014, after several banks upped their price targets and outlooks for the stock on Monday.

The most influential gainers on the index also included Barrick Gold Corp, up 2.5 percent to C$21.39, and pipeline company TransCanada Corp, which advanced 1.2 percent to C$61.86.

At 10:56 a.m. EDT (1456 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 86.05 points, or 0.59 percent, at 14,682.57. Advancers outnumbered decliners by almost 5-to-1.

Nine of the index's 10 main groups were in positive territory, with only consumer discretionary stocks lagging.

Amaya Inc fell 7 percent to C$18.91 after the online gambling company said it had abandoned merger talks with Britain's William Hill.   Continued...