CANADA STOCKS-TSX gains for 5th straight day on golds, oils

Wed Jan 6, 2010 5:24pm EST
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* TSX ends up 0.47 percent at 11,944.54

* Gold stocks shine as bullion hits 3-week high

* Potash Corp leads index for 2nd straight day (Adds details)

TORONTO, Jan 6 (Reuters) - Toronto's main stock index ended higher for a fifth straight session on Wednesday, backed by a three-week high in the price of gold that lifted producers such as Barrick Gold (ABX.TO: Quote) and Goldcorp (G.TO: Quote).

Gold prices topped $1,140 an ounce [GOL/], lifting Barrick 1.65 percent to C$43.18, while Goldcorp rose 1.47 percent to C$43.38.

Energy players were also among the big movers, helping take the TSX composite index to a 15-month high as oil prices rose for a 10th straight day to settle above $83 a barrel, outweighing an unexpected rise in U.S. crude and gasoline inventories. [O/R]

Suncor (SU.TO: Quote) jumped 1.3 percent to C$39.25, while Talisman TLM.TO advanced 1.8 percent to C$20.23.

On the downside, the index's weighty financials group fell for a second straight session, shedding 0.44 percent as the selloff following its rally in December continued.

All five of Canada's biggest banks were lower, with four atop the list of top decliners. Bank of Nova Scotia (BNS.TO: Quote) dropped 1.45 percent to C$47.52.   Continued...