CANADA STOCKS-TSX rises to highest mark in six months

Wed May 6, 2009 11:02am EDT
 
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* Index pushes past 10,000 mark, best since Nov 5

* Commodity issues underscored by stronger resource prices

* Biovail falls 15 pct after results

* Better than expected economic data boosts sentiment (Adds details)

By Ka Yan Ng

TORONTO, May 6 (Reuters) - Toronto's main stock index jumped more than 1 percent, vaulting over the 10,000 mark for the first time since November in a broad rally led by resources and financials.

Stronger-than-expected economic data from Canada and the United States set the tone and offset the influence of a raft of weak corporate results in healthcare, auto parts and the once-high-flying fertilizer sector.

In addition, rising gold and oil prices lent support to the materials and energy groups, each rising more than 2 percent. The financials group gained 1.4 percent. Those three sectors make up nearly three-quarters of the index's weighting.

Top gainers moving the overall index were Manulife Financial MFC.TO, up 2.9 percent at C$22.19, and Suncor Energy SU.TO, up 4.6 percent at C$34.34. Goldcorp G.TO gained 2.4 percent to C$34.65.   Continued...