CANADA STOCKS-TSX rises as resource stocks rally on higher commodity prices

Fri Apr 29, 2016 10:55am EDT
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(Adds details on sectors and stocks, updates prices)

* TSX firms 80.54 points, or 0.58 percent, to 13,966.97

* Four of the TSX's 10 main groups rise

TORONTO, April 29 (Reuters) - Canada's main stock index rose on Friday as mining and energy stocks firmed on higher commodity prices, while shares of its largest airline jumped after quarterly results were reported.

The most influential movers on the index included Barrick Gold Inc, which rose 5.1 percent to C$23.15, and First Quantum Minerals Ltd, which advanced 13.5 percent to C$10.395.

The materials group, which includes precious and base metals miners and fertilizer companies, added 3.5 percent.

Gold and silver rallied to their highest since January 2015 as the Bank of Japan's decision the previous day to hold off expanding monetary stimulus weighed on stock markets and the dollar, while base metal prices also advanced.

Air Canada rose 13.3 percent to C$9.38 after it reported a first-quarter profit, compared with a loss a year earlier, helped by a decline in fuel costs.

The energy group climbed 0.9 percent, supported by fresh 2016 highs for oil prices. U.S. crude was up 0.6 percent to $46.32 a barrel.   Continued...