December 9, 2010 / 9:50 PM / in 7 years

CANADA STOCKS-TSX boosted by commodities, industrials

   * TSX rises 14.94 points, or 0.11 percent, to 13,166.94
 * Lululemon soars 14.6 percent after results  (Adds details, comments)
 By Cameron French
 TORONTO, Dec 9 (Reuters) - Toronto’s main stock index ended slightly higher on Thursday as mining and materials issues led an otherwise sideways market.
 Heavily weighted materials stocks rallied late to finish the session up 0.43 percent, rebounding from sharp drops in the previous two sessions.
 “Golds had fallen off quite precipitously in the last couple of days, so we’re seeing buying coming in to a number of those names,” said Elvis Picardo, strategist at Global Securities.
 Iamgold (IMG.TO) rose 2.5 percent to C$17.13, while copper producer Inmet Mining IMN.TO climbed 5.2 percent to C$74.91.
 The S&P/TSX composite index .GSPTSE ended the session up 14.94 points, or 0.11 percent, at 13,166.94. All told, six of the 10 TSX subgroups finished higher.
 Industrials stocks gained 0.31 percent, helped by strength among railroads. Canadian National Railway (CNR.TO) climbed 1.2 percent to C$67.32, while Canadian Pacific (CP.TO) gained 1.2 percent to C$65.25.
 Among individual stocks, yoga-wear retailer Lululemon Athletica Inc LLL.TO soared 14.6 percent to C$64.23, after it reported its net profit nearly doubled in its third quarter and it forecast more growth ahead. [ID:nN09219897]
  ($1=$1.01 Canadian)  (Reporting by Cameron French; editing by Rob Wilson)   

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