CANADA STOCKS-TSX rises on commodities, U.S. jobs data

Thu Dec 9, 2010 10:21am EST
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 *TSX up 61.47 points, or 0.47 percent, at 13,213.47
 *Lululemon soars 16 percent after results
 (Adds details, quote)
 By Jennifer Kwan
 TORONTO, Dec 9 (Reuters) - Toronto's main stock index rose
on Thursday morning, boosted by firmer oil and metals prices
and upbeat U.S. labor market data that fueled optimism about
economic recovery.
 Key sectors boosting the index included its hefty energy
and materials groups, up 0.5 percent and 0.9 percent
respectively. [GOL/] [MET/L] [O/R] Firmer commodity prices
helped lift Canadian Natural Resources CNQ.TO, which rose 1.3
percent to C$42.63, and Teck Resources TCKb.TO, up 1 percent
at C$56.05. Barrick Gold ABX.TO climbed 1.1 percent to
 As well, new U.S. claims for unemployment benefits fell
more than expected last week and the four-week moving average
slipped to a two-year low, reviving hopes that a labor market
recovery is under way. [ID:nN09222654]
 "There's optimism there. I don't think we're out of the
woods -- definitely not -- but the trend seems to be wanting to
indicate that maybe we've seen the worst of it at this point,"
said Serge Pepin, head of investments, BMO Investments Inc.
 At 10:00 a.m. (1500 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 61.47 points, or 0.47
percent, at 13,213.47, with nine of its 10 main sectors higher.
The small healthcare sector shed 0.1 percent.
 Yoga-wear retailer Lululemon Athletica Inc LLL.TO
LULU.O was the top net gainer, soaring 16.4 percent to
C$65.26. It said net profit nearly doubled in its third quarter
and it forecast more growth ahead. [ID:nN09219897]
 ($1=$1.01 Canadian)
 (Reporting by Jennifer Kwan; editing by Peter Galloway)