October 23, 2015 / 1:40 PM / in 2 years

CANADA STOCKS-TSX rises as China rate cut boosts miners; Valeant up

TORONTO, Oct 23 (Reuters) - Canada’s main stock index opened higher on Friday in a broad rally led by materials stocks cheered by a Chinese rate cut that boosted prices for base metals, while shares of embattled Valeant Pharmaceuticals International Inc also bounced.

The Toronto Stock Exchange’s S&P/TSX composite index was up 89.85 points, or 0.65 percent, at 13,967.96 shortly after the open. Of its 10 main sectors, only energy was lower. (Reporting by Alastair Sharp; Editing by Chizu Nomiyama)

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