CANADA STOCKS-TSX rises as gains for financials, industrials offset lower resource stocks

Tue Jan 12, 2016 11:05am EST
 
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(Updates prices, adds details on sectors, stocks)

* TSX up 49.78 points, or 0.4 percent, to 12,369.03

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

TORONTO, Jan 12 (Reuters) - Canada's main stock index rose on Tuesday as financial sector, railway and consumer stocks advanced, while lower crude oil and gold prices weighed on resource stocks.

The most influential movers on the index were heavyweight bank stocks. Royal Bank of Canada rose 1.3 percent to C$71.33, and Toronto Dominion Bank advanced 1.9 percent to C$52.37.

The overall financials group gained 1.1 percent.

Industrial stocks rose 0.9 percent, including a 1.3 percent gain for Canadian National Railway Co to C$74.40, while Canadian Pacific Railway Ltd was up 1.3 percent at C$161.30.

Dollarama Inc rose 4.2 percent to C$74.82.

At 10:39 a.m. EST (1539 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 49.78 points, or 0.4 percent, at 12,369.03. Eight of the index's 10 main groups were in positive territory.   Continued...