CANADA STOCKS-TSX rises modestly on financial, consumer gains

Tue Feb 16, 2016 10:43am EST
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(Adds details, updates prices)

* TSX up 39.93 points, or 0.32 percent, to 12,421.17

* Eight of TSX's 10 main groups rise

TORONTO, Feb 16 (Reuters) - Canada's main stock index rose on Tuesday, helped by gains for financial and consumer names, while gold miners weighed and the energy group was unimpressed by a tentative production deal between Russia and Saudi Arabia.

The most influential movers on the index included Element Financial Corp, which rose 4.9 percent to C$13.10 a share after it said it will split its fleet management business and its vendor and commercial financing business, creating two publicly traded companies.

The financials group gained 0.6 percent.

The consumer groups were both higher, with staples up 1.0 percent and discretionary gaining 0.8 percent.

Restaurant Brands International Inc, the owner of Burger King and the Tim Hortons coffee and doughnut chain, jumped 5.7 percent to C$46.81 after its earnings beat expectations.

At 10:22 a.m. EST (1522 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 39.93 points, or 0.32 percent, at 12,421.17.   Continued...