CANADA STOCKS-TSX hits 2009 high on commodity rally, U.S. data

Tue Sep 15, 2009 5:22pm EDT
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* TSX gains 1.45 percent to 11,495.83

* Mining, energy and financial sectors all rally

* Commodity prices, U.S. data provide boost (Adds analyst comment, stock quotes)

By Pav Jordan

TORONTO, Sept 15 (Reuters) - Toronto's main stock index surged on Tuesday to its highest closing level of 2009, as a commodity price rally and firm U.S. data spurred gains in heavily weighted materials, energy and financial shares.

The S&P/TSX composite index .GSPTSE rose 163.79 points, or 1.45 percent, to 11,495.83, its highest close since Oct 1.

Six of the index's 10 main groups advanced, led by a 2.53 percent gain in materials, which include gold miners, and a 2.08 percent climb in energy. The influential financials group was up 1.22 percent.

"Gold is up...back over $1,000 and that's got all our gold stocks going again and from the other side oil is doing well and is back over $70 again. And the financials are even helping a little bit here," said John Kinsey, portfolio manager at Caldwell Securities Ltd in Toronto.

"We're kind of hitting on all three cylinders."   Continued...