CANADA STOCKS-TSX buoyed by rally in gold and oil

Tue Jun 6, 2017 5:20pm EDT
 
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* TSX up 54.78 points, or 0.36 pct, to 15,464.56

* Four of the TSX's 10 main industry groups were up

* Materials up 3.4 pct, energy stocks up 1.4 pct

By Solarina Ho

TORONTO, June 6 (Reuters) - Canada's benchmark stock index rose on Tuesday as a surge in oil and gold prices sent energy and mining companies rallying.

The Toronto Stock Exchange's S&P/TSX composite index rose 54.78 points, or 0.36 percent, to finish at 15,464.56.

Of the index's 10 main groups, four advanced, including a 3.4 percent jump in materials, which include gold miners, and a 1.4 percent lift in oil and gas companies.

Gold leaped to a seven-month high on safe-haven demand ahead of a slew of key events on Thursday and after the U.S. dollar fell to a seven-month low. Gold futures rose 1.1 percent to $1,293.8 an ounce.

Gold firms dominated the index on the positive side, with Barrick Gold climbing 4.9 percent to C$22.86, and Goldcorp Inc rising 4.5 percent to C$18.89. Kinross Gold Corp rallied 8.6 percent to C$6.21.   Continued...