CANADA STOCKS-TSX rises, reversing earlier losses; Hudson's Bay jumps
(Updates throughout with market reaction and strategist comment)
* TSX up 7.78 points, or 0.05 percent, to 14,748.93
* Six of the TSX's 10 main groups were down
By Solarina Ho
TORONTO, June 15 (Reuters) - Canada's main stock index held steady on Monday, paring earlier losses, as sectors like the influential materials group, turned positive, offsetting a retreat by other groups including energy.
Hudson's Bay Co was among the biggest gainers, surging 9.5 percent to C$26.28 after the Canadian department store operator said it was buying German chain Kaufhof from Metro for 2.8 billion euros ($3.2 billion).
The deal also includes an arrangement with Simon Property Group to buy at least 40 of Kaufhof's properties for C$3.3 billion.
The overall consumer discretionary group remained lower, however, slipping 0.3 percent.
At 10:55 a.m. EDT (1455 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 7.78 points, or 0.05 percent, to 14,748.93, after spending much of the morning session deep in the red. Continued...