CANADA STOCKS-TSX rises as resource stocks lead bounce

Fri Apr 28, 2017 11:46am EDT
 
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* TSX rises 93.57 points, or 0.6 percent, to 15,600.04

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

TORONTO, April 28 (Reuters) - Canada's main stock index rose on Friday as natural resource stocks led a broad rally on a mix of higher commodity prices and positive corporate earnings.

Gold miner Agnico Eagle Mines Ltd surged 9.3 percent to C$64.54 after beating profit and revenue estimates and upping its production forecast after the bell on Thursday.

The broader materials group, which includes precious and base metals miners and fertilizer companies, added 2.3 percent, with gold and copper prices both moving higher.

The energy group climbed 1.5 percent as oil prices rose from a one-month low, with Suncor Energy Inc, the country's largest oil and gas producer, up 2.2 percent to C$42.65.

Suncor posted a profit beat late on Wednesday and said it planned to buy back shares.

At 11:00 a.m. ET (1500 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 93.57 points, or 0.6 percent, to 15,600.04. Eight of its 10 main sectors gained.

The index is on track to end flat over the course of the week.   Continued...