CANADA STOCKS-TSX gets boost from commodities but banks fall

Wed Apr 22, 2009 4:56pm EDT
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* Market ekes out gain of 0.35 percent

* Energy, golds hold strong as commodities stable

* Financials drop after staying positive most of the day (Adds details on day's biggest gainer)

By Wojtek Dabrowski

TORONTO, April 22 (Reuters) - Toronto's main stock index finished modestly higher on Wednesday as stable commodity prices helped energy and gold shares hold their own against weak financial issues.

Seven of the 10 main sectors of the benchmark moved higher, including the heavyweight energy and resource-rich materials groups, which added 1.66 percent and 0.58 percent, respectively.

The day's big gainers included oil company EnCana Corp ECA.TO, which advanced 4.2 percent to C$54.92, and Agnico-Eagle Mines AEM.TO, which rose 1.5 percent to C$56.58.

However, the third main pillar of the Toronto market -- the financial sector -- finished down 1.22 percent, after staying higher most of a volatile trading day.

The S&P/TSX composite .GSPTSE rose 31.98 points, or 0.35 percent, to close at 9,279.15 after hitting a session high of 9,411.55.   Continued...