CANADA STOCKS-TSX higher on energy issues, Potash
* TSX rises 0.8 percent to 11,554.84
* Potash up after Goldman adds to conviction buy list (Adds details, comments)
By Irene Kuan
TORONTO, Dec 21 (Reuters) - Toronto's main stock index rose on Monday morning as stronger oil prices lifted the weighty energy sector, while Potash Corp of Saskatchewan (POT.TO: Quote) also contributed to the gains.
Potash Corp was the top gainer on the index, up 3 percent at C$115.30, after Goldman Sachs had added the fertilizer maker to its conviction buy list. [ID:nSGE5BK0DN]
"They (Goldman Sachs) feel that in 2010 that the agricultural stocks will do quite well. I also feel that way," said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.
Oil prices held firm above $73 a barrel on Monday after a 1 percent rise in the previous session, while base metal prices were also higher, helping boost mining shares. [O/R] [MET/L]
Canadian Natural Resources (CNQ.TO: Quote) rose 1.6 percent to C$72.46, while Suncor Energy (SU.TO: Quote) was up 1.3 percent at C$36.22. First Quantum Minerals (FM.TO: Quote) climbed 2.1 to C$79.74.
At 10:16 a.m. (1516 GMT), the S&P/TSX composite index .GSPTSE was up 91.44 points, or 0.8 percent, at 11,554.84
($1=$1.06 Canadian) (Reporting by Irene Kuan; editing by Rob Wilson)
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