CANADA STOCKS-TSX surges on oil, gold and economic optimism
* TSX up 1.3 percent at 10,798.92
* Golds shine, lift top-gaining materials sector
* Surprise growth in France, Germany lifts sentiment
TORONTO, Aug 13 (Reuters) - Toronto's main stock index charged higher on Thursday morning, buoyed by firm oil and gold prices and a rosier outlook for the world's economic health.
The index's hefty materials and energy sectors led the way, rising on higher prices for key commodities. Gold was above $960 an ounce for the first time since Aug. 7, while oil hovered above $70 a barrel.
Kinross Gold (K.TO: Quote), which reported a lower quarterly profit but higher production [ID:nN12319795] on Wednesday, was up 1.14 percent at C$21.34.
"Gold is higher today and we're seeing that bolster the top-gaining sector," said Steve Ibel, institutional equities trader at Beacon Securities, in Halifax, Nova Scotia.
Overall the materials group was up 2.54 percent, while energy gained 1.65 percent. Continued...