CANADA STOCKS-TSX bounces back with commodity prices

Wed Mar 16, 2011 10:43am EDT
 
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* TSX up 94.76 points at 13,641.68

* Seven of 10 sectors stronger

* Oil, metal prices rebound

* Financials down but Manulife up almost 4 pct (Updates with details, quotes)

By Claire Sibonney

TORONTO, March 16 (Reuters) - Toronto's main stock index pushed higher on Wednesday after two days of losses as resource shares were lifted by a rebound in commodity prices, although Japan's nuclear crisis, clashes in the Middle East and debt problems in Europe still weighed on sentiment.

Energy stocks rallied 1.6 percent as oil prices rose by more than $2 a barrel as violence in Bahrain, Yemen and Syria renewed fears about oil supply in the region. [O/R]

Suncor Energy SU.TO jumped 2.7 percent to C$43.02 and Canadian Natural Resources CNQ.TO advanced 1 percent to C$46.35.

Materials were up 1.7 percent as miners advanced on rebounding prices for copper and gold, with Teck Resources TCKb.TO climbing 3.2 percent to C$53.34 and Barrick Gold Corp ABX.TO adding 1.1 percent to C$49.00. [MET/L] [GOL/]   Continued...