CANADA STOCKS-TSX advances broadly as resources rally

Mon Oct 25, 2010 10:19am EDT
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* TSX rises 0.6 percent to 12,676.98

* Commodity prices supported by falling greenback

* All 10 index sectors advance (Adds details)

TORONTO, Oct 25 (Reuters) - Toronto's main stock index rose to its highest level in more than a week on Monday morning as commodities prices were bolstered by a declining U.S. currency.

Resources, which are largely priced in U.S. dollars, surged on a selloff in the greenback after this past weekend's Group of 20 leaders meeting in South Korea produced few firm policy initiatives.

At 10:05 a.m. (1405 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 75.80 points, or 0.6 percent, at 12,676.98, holding gains after data showed U.S. existing home sales rose by a better-than-expected 10 percent in September.

All 10 of the index's main sectors were higher, led by a 1.1 percent advance in the heavily weighted materials group.

The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was up more than 1 percent as the price of key resources such as gold, copper and oil rose.

Teck Resources TCKb.TO jumped 2.3 percent to C$46.52, while Suncor Energy SU.TO rose 0.93 percent to C$33.81. Canadian Natural Resources CNQ.TO advanced 1.2 percent to C$37.12, and Goldcorp G.TO pushed up 0.95 percent to C$43.60.   Continued...