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.
Suncor Energy (SU.TO: Quote) added 1.1 percent to C$33.45, and EnCana Corp ECA.TO gained 0.8 percent to C$34.67.
"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...