CANADA STOCKS-TSX rally fueled by rising commodity prices
* TSX index up 130.35 points, or 1.4 percent, at 9,409.50
* Gold and energy shares lead rally
* Bullion rises above $900/oz, oil nears $50/barrel (Adds details, analyst's comment)
By Ka Yan Ng
TORONTO, April 23 (Reuters) - Toronto's main stock index finished more than 1 percent higher on Thursday in a broad advance led by the energy and materials sectors, which were supported by rising commodity prices.
The price of gold rose above $900 on fund buying and a weak U.S. dollar, putting some shine on Canada's gold-mining stocks, including Barrick Gold (ABX.TO: Quote), which rose 2.68 percent to C$35.99. [ID:nLN83239]
Overall, the materials group, which is home to gold and other miners, rose 1.4 percent.
Energy shares gained 2.14 percent on strength in the price of crude oil, which neared $50 a barrel, while Suncor Energy's (SU.TO: Quote) better than expected quarterly results also helped power the rally. [ID:nLN617354]
Shares of Suncor rose 3.46 percent to C$30.49, while shares of Canadian Natural Resources (CNQ.TO: Quote), another key energy player and the top mover higher, were up 3.91 percent at C$58.80. Continued...