CANADA STOCKS-TSX rallies on strength in commodities
*TSX up 104.02 points at 11,669.78
*Resources lead index higher (Updates with details, commentary)
By Claire Sibonney
TORONTO, July 13 (Reuters) - Toronto's main stock index shot higher on Tuesday morning as commodity prices rose and drove up weighty resource shares.
The Thomson Reuters-Jefferies CRB index .CRB, a global benchmark of 19 different commodities including metals, was up more than 1 percent, and the index's materials group jumped 1.2 percent in reaction.
Base metals miner Teck Resources TCKb.TO rose 1.4 percent to C$34.91, while Barrick Gold Corp (ABX.TO: Quote) added 0.6 percent to C$45.46.
Powerhouse energy shares, up 1.2 percent, benefited as oil and natural gas prices rose.
"Commodities and hard assets are becoming the only store of value that many more sophisticated investors are looking to and Canada happens to have a lot of this type of stuff," said Aaron Fennell, senior markets strategist at Lind-Waldock. Continued...