CANADA STOCKS-TSX touches near 1-mth high on Wall St catch-up

Mon Jul 4, 2011 5:31pm EDT
 
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  * TSX up 85.62 points, or 0.64 pct, at 13,386.49
  * Firm commodity prices help support index
  * 9 of 10 index sectors stronger; energy drives gains
 By Trish Nixon
 TORONTO,  (Reuters) - Toronto's main stock index rose for a
fifth straight session to touch its highest point in nearly a
month on Monday, playing catch-up with U.S. markets, which
rallied on Friday when Canadian markets were closed.
 Volumes were low due to the U.S. Independence Day holiday.
U.S. stocks jumped more than 1 percent on Friday on strong
manufacturing data from the Institute of Supply Management
(ISM) that eased concerns about slowing growth. [.N]
 "The U.S. had a terrific day (on Friday) bouncing off the
strong ISM numbers," said Barry Schwartz, portfolio manager at
Baskin Financial Services.
 "Unfortunately we were closed and couldn't participate in
any of the fun. The doors were closed to us but they're open
today, and we are just playing catch up here."
 Nine of the index's 10 main sectors were higher, led by
energy, which benefited from steady oil prices. [O/R]
 Suncor Energy (SU.TO: Quote) was the second most influential
gainer on the index, up 1.83 percent to $38.49.
 The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE closed up 85.62 points, or 0.64 percent, at13,386.49.
 (Reporting by Trish Nixon; Editing by Jeffrey Hodgson)