CANADA STOCKS-TSX rises on solid gains for resource stocks

Tue Nov 24, 2015 4:51pm EST
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(Adds portfolio manager quotes, updates prices)

* TSX up 25.45 points, or 0.19 percent, at 13,407.83

* Four of the TSX's 10 main groups rise; energy gains

By Fergal Smith

TORONTO, Nov 24 (Reuters) - Canada's main stock index rose on Tuesday, as strength in energy and materials stocks offset weakness in other sectors, such as telecoms and industrials.

"Oil is up over a dollar and gold is up around $7 so that's helping our commodities," said John Kinsey, portfolio manager at Caldwell Securities Ltd.

The energy group climbed 1.9 percent after the downing of a Russian fighter jet near the Syrian-Turkish border pushed crude oil prices sharply higher.

Encana Corp advanced 6.5 percent to C$11.36, while Suncor Energy Inc was up 0.9 percent at C$37.00.

The materials group rose 2.1 percent, led by a 3.4 percent gain for Barrick Gold Corp to C$9.84, helped by firmer base and precious metal prices.   Continued...