CANADA STOCKS-TSX gains as resource shares track commodity prices higher

Mon Apr 6, 2015 11:13am EDT
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* TSX up 60.06 points, or 0.4 percent, at 15,086.68

* Eight of the index's 10 main groups rise

* Materials group up 1.64 percent, energy up 1 percent

By Solarina Ho

TORONTO, April 6 (Reuters) - Canada's main stock index was broadly higher on Monday with gold-mining shares, bolstered by rising bullion prices, leading the charge.

A much weaker-than-expected U.S. jobs report for March on Friday was the latest in a recent string of weaker U.S. economic data that has added to growing speculation the Federal Reserve will delay a much anticipated interest rate hike.

"Our view is that rates are staying lower for longer," said Bryden Teich, associate portfolio manager at Avenue Investment Management.

"So for us, I think it's positive for risk assets and positive for equities because rates aren't really going up aggressively in the next little bit."

Gold prices touched a one-month high during the session, with the precious metal's status as a safe-haven asset burnished by the possibility of a U.S. rate hike delay. Gold futures rose 1.79 percent to $1,222.4.   Continued...