REFILE-CANADA STOCKS-TSX rises on healthy GDP data, commodities

Mon May 31, 2010 10:54am EDT
 
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(Refiles to correct stock symbol for Canadian Pacific Railway in ninth paragraph)

* TSX up 46.45 points at 11,717.44

* Resources, banks, industrials lead

* GDP grows at 6.1 percent annual rate in first quarter (Updates with prices, adds details, quotes)

By Claire Sibonney

TORONTO, May 31 (Reuters) - Toronto's main stock index rose on Monday morning as firm commodity prices and better-than-expected GDP data helped push up the index's resource, banking and industrials sectors.

Data showed gross domestic product grew at a 6.1 percent annual rate in the first quarter as strong consumer spending and exports helped the country's economy expand at the fastest pace in more than a decade. [ID:nN31202447].

As well, oil rose above $74, sending the energy-loaded index up 0.5 percent.

Suncor Energy Inc SU.TO, the country's largest oil producer, rose 0.5 percent to C$32.25 and natural gas major EnCana Corp ECA.TO gained 0.7 percent to C$32.67.   Continued...