CANADA STOCKS-Oil and gold prices push TSX higher
* TSX up 0.92 percent at 11,647.59
* Oil prices above $71, gold higher (Adds details and comments)
By Irene Kuan
TORONTO, Dec 16 (Reuters) - Toronto's main stock index rose to its highest level in nearly two weeks on Wednesday as a rise in commodity prices helped boost energy and gold-mining shares.
Barrick Gold (ABX.TO: Quote), the world's biggest gold miner and the main contributor to the index's gain, was up 2.6 percent at C$42.60, while Suncor Energy (SU.TO: Quote) rose 1.6 percent to C$37.83.
"The focus up here is commodities are a little bit better. Canadian dollar is a little stronger. Gold and oil both stronger, and the gold sector in particular," said Bruce Latimer, trader at Dundee Securities.
Gold prices held above $1,130 an ounce on Wednesday, supported by U.S. dollar weakness after U.S. inflation data met expectations. [GOL/]
Oil prices were up above $71 a barrel, extending gains after snapping a nine-day losing streak a day earlier. [O/R]
At 10:20 a.m. (1520 GMT), the S&P/TSX composite index .GSPTSE was up 106.57 points, or 0.92 percent, at 11,647.59.
Other heavyweight gainers on the index included Goldcorp (G.TO: Quote), up 1.8 percent at C$42.50, while oil company Canadian Natural Resources CNQ.TO rose 1.2 percent to C$71.04.
($1=$1.06 Canadian) (Reporting by Irene Kuan; editing by Peter Galloway)
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