CANADA STOCKS-TSX heads for 6th straight winning session on relief over U.S. rates

Fri Oct 9, 2015 11:36am EDT
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(Updates throughout with market reaction, background, details)

* TSX up 40.27 points, or 0.29 percent, to 14,018.93

* Seven of the TSX's 10 main groups were higher

By Solarina Ho

TORONTO, Oct 9 (Reuters) - Canada's main stock index rose on Friday, gunning for its sixth straight winning session as investors embraced more risk after minutes from the U.S. Federal Reserve's September meeting showed it was in no hurry to hike interest rates.

The heavily weighted Valeant Pharmaceuticals International Inc provided the biggest boost to the index, jumping 3.6 percent to C$230.97, while the overall healthcare group rallied 2.6 percent.

The dovish Fed minutes helped gold prices soar to three-week highs, prompting shares of gold miners to follow the commodity's rise. Goldcorp Inc lead the charge, rising 3.5 percent to C$18.29, while Barrick Gold Corp rallied 4.8 percent to C$9.78.

Gold futures rose 1.0 percent to $1,156.6 an ounce.

The materials group, where miners and other resource names reside, jumped 2.2 percent.   Continued...