CANADA STOCKS-TSX's gold miners, banks help index rise

Tue Jul 26, 2016 5:01pm EDT
 
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(Adds portfolio manager comment, updates prices to close)

* TSX ends up 51.90 points, or 0.36 percent, at 14,550.00

* Six of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, July 26 (Reuters) - Canada's main stock index rose on Tuesday, helped by gains for gold miners, other materials stocks, and banks, as bullion prices rose ahead of a U.S. Federal Reserve rate decision.

Barrick Gold Corp jumped 2.9 percent to C$26.97 after Reuters reported the world's largest gold producer is weighing a sale of its majority stake in an African miner.

The country's biggest banks were also among the index's most influential gainers, with Royal Bank of Canada up 0.7 percent at C$80.41 and Bank of Nova Scotia adding 0.7 percent to C$66.26.

The Toronto Stock Exchange's S&P/TSX composite index ended the day up 51.90 points, or 0.36 percent, at 14,550.00.

Six of its 10 main sectors rose, with the materials group that includes precious and base metal miners and fertilizer companies up 2.2 percent.   Continued...