CANADA STOCKS-Energy shares pull TSX higher, jobs eyed

Thu Jun 3, 2010 5:36pm EDT
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* TSX up 31.20 points, or 0.26 percent, at 11,811.87

* Energy issues gain with crude futures

* Weak gold, base metal prices weigh

* U.S. seen adding most jobs since 1983 in May report (Adds details, quotes)

By Claire Sibonney

TORONTO, June 3 (Reuters) - Toronto's main stock index ended higher on Thursday as energy shares rallied on a rise in oil prices, but the index see-sawed through the day, hurt by weakness in materials shares and a high level of uncertainty ahead of Friday's U.S. jobs data.

The index's energy sector climbed 1.8 percent after oil futures rose more than 2 percent, supported by much lower than expected crude and gasoline inventory data as the beginning of the summer driving season spurred gasoline demand. [O/R]

Heavyweight gainers included Canadian Natural Resources (CNQ.TO: Quote), up 2.9 percent at C$37.76, EnCana Corp (ECA.TO: Quote), 3.1 percent higher at C$34.94, and Enbridge Inc (ENB.TO: Quote), which rose 2.3 percent to C$49.06.

Also supporting energy names in the midst of the BP oil spill disaster was the belief that Canadian companies are safer bets.   Continued...