CANADA STOCKS-TSX hits one-week high on oil, gold strength

Wed Nov 4, 2009 4:42pm EST
 
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* TSX up 45.30 points, or 0.41 percent, at 11,071.20

* Gold climbs to record, oil prices rise

* Fed holds rates steady near zero (Updates to close, adds quote)

By Jennifer Kwan

TORONTO, Nov 4 (Reuters) - Toronto's main stock index ended higher on Wednesday as strength in energy prices boosted oil and gas companies and a record bullion price sent Barrick Gold (ABX.TO: Quote) and other miners higher.

Barrick rose 2.3 percent to C$42.94 and Kinross Gold (K.TO: Quote) finished the day up 3.8 percent at C$20.09. Nexen Inc NXY.TO was also a top gainer, rising 2.8 percent to C$24.42, while Suncor Energy (SU.TO: Quote) was up 0.5 percent at C$35.14 as the price of oil rose above $80 a barrel. [O/R]

Gold shares added to big gains as the price of the precious metal hit a record above $1,095 an ounce. [GOL/]

"We're just seeing buying right across the board today. The commodities are acting well," said Bruce Latimer, trader at Dundee Securities.

The S&P/TSX composite index .GSPTSE climbed 45.30 points, or 0.41 percent, at 11,071.20, with six of its 10 main groups higher.   Continued...