CANADA STOCKS-TSX lifted to higher close by gold miners

Tue Sep 29, 2009 4:23pm EDT
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 * TSX rises 56.27 points to 11,394.99
 * Second straight higher close for TSX
 * Gold-miners headline latest rally
 (Adds details, comments and official numbers)
 By Frank Pingue
 TORONTO, Sept 29 (Reuters) - Toronto's main stock index
ended moderately higher on Tuesday as shares of gold miners
rallied alongside prices for the precious metal, which was near
$1,000 an ounce.
 Goldcorp G.TO, the biggest contributor to the overall
gain, rose 3.5 percent to C$43.28, followed by Barrick Gold
Corp ABX.TO, which ended up 2.8 percent at C$40.67.
 The rally in gold miners helped lift the index's materials
group 1.92 percent, the biggest gain of all the TSX index's 10
 "It's definitely the gold stocks that have been the
standout performers today as gold is still very close to the
$1,000 per ounce level," said Elvis Picardo, analyst and
strategist at Global Securities in Vancouver.
 "But there was not much conviction in the move since there
is just one session left for the quarter and so the buyers are
just sticking to the sidelines for now."
 The S&P/TSX composite index .GSPTSE finished the session
up 56.27 points, or 0.5 percent, at 11,394.99. It was the TSX's
second straight higher close since it fell on Friday to its
lowest level in nearly two weeks.
 ($1=$1.09 Canadian)
 (Editing by Peter Galloway)