CANADA STOCKS-TSX rises on higher gold and oil; ends lower for the week

Fri May 6, 2016 4:52pm EDT
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(Adds portfolio manager quotes, details on cuts to oil sands crude capacity, Enbridge, updates prices)

* TSX closed up 69.46 points, or 0.51 percent, at 13,701.47

* Index fell 1.8 percent for the week

* Seven of the TSX's 10 main groups ended higher

By Fergal Smith

TORONTO, May 6 (Reuters) - Canada's main stock index rose on Friday as gold shares rallied after data tempered Federal Reserve rate hike expectations, while energy stocks also gained after oil prices turned higher.

The most influential movers on the index included Barrick Gold Corp, which rose 3.6 percent to C$23.83, and Goldcorp Inc, which advanced 2.8 percent to C$24.78.

Spot gold rose 0.8 percent after weaker-than-expected U.S. jobs data boosted expectations the Fed will delay further interest rate increases.

About one-third of Canada's daily oil sands crude capacity was knocked out and some pipelines were closed as a wildfire ravaged the oil town of Fort McMurray in Alberta. However, production facilities have not been in the fire's path.   Continued...