CANADA STOCKS-TSX rises with gold miners; energy stocks weigh

Wed Jul 13, 2016 9:59am EDT
 
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(Adds details from early trade, updates prices)

* TSX rises 37.75 points, or 0.26 percent, to 14,515.42

* Six of the TSX's 10 main groups are higher

TORONTO, July 13 (Reuters) - TORONTO, July 13 (Reuters) - Canada's main stock index rose on Wednesday, extending an 11-month high, as gold miners advanced on a bullion price recovery while energy stocks weighed with a fall in oil prices.

Gold recovered from its lowest in nearly two weeks, as prospects for further economic stimulus helped to bolster investor appetite.

The Bank of Canada is expected to keep interest rates unchanged as prices for oil, a major export, are yet to recover and there are risks to global economic growth after Britain's shock vote to leave the European Union, according to a Reuters poll.

The most influential movers on the index included Barrick Gold Corp, up 3.5 percent to C$27.83, Goldcorp Inc which rose 2.5 percent to C$26.02, and Agnico Eagle Mining, which added 4.2 percent to C$73.74.

On the other side of the ledger, Canadian Tire Corp Ltd shares fell 3 percent to C$139.90 after the retailer reappointed Stephen Wetmore as CEO more than 18 months after he left the top job.

Corus Entertainment Inc shed 8.1 percent to C$12.58 after reporting lower-than-expected quarterly adjusted profit.   Continued...