CANADA STOCKS-TSX gains as copper price jump boosts miners
(Adds strategist comment, market details, updates prices)
* TSX up 169.86 points, or 1.26 percent, at 13,648.17
* Nine of the TSX's 10 main groups higher
By Alastair Sharp
TORONTO, Sept 8 (Reuters) - Canada's main stock index gained more than 1 percent in morning trade on Tuesday, helped by a jump in copper prices as weak Chinese data prompted bets that Beijing would move to stimulate the world's second-largest economy.
The materials group, which includes miners, climbed 1.2 percent, with First Quantum Minerals Ltd surging 13.1 percent to C$7.01 and Teck Resources Ltd advancing 7.2 percent to C$8.75.
Copper climbed 3 percent after the data, which while mostly negative showed copper imports holding up.
The metal has rebounded about 9 percent since touching a six-year low in late August, largely on fears of a hard landing in China.
Still, investors expressed skepticism on the sustainability of the bounce. Continued...