CANADA STOCKS-TSX rises modestly with gold miners; oil weighs

Thu Sep 1, 2016 10:57am EDT
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(Adds details on stocks and sectors, updates prices)

* TSX rises 51.04 points, or 0.35 percent, to 14,648.99

* Half of the TSX's 10 main groups move higher

TORONTO, Sept 1 (Reuters) - Canada's main stock index moved slightly higher on Thursday as gold miners bucked bullion's fall after an August sell-off and investors cheered the expansion of Tim Hortons into Britain.

The coffee and doughnut chain's owner Restaurant Brands International Inc was among the most influential movers on the index, up 2.2 percent to C$63.73.

Gold miners also gained, even as the price of gold fell, after having lost significant ground over the course of August, with Barrick Gold adding 2.5 percent to C$22.84.

At 10:14 a.m. EDT (1414 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 51.04 points, or 0.35 percent, to 14,648.99.

The global gold mining sub-sector had lost some 20 percent of its value in August, while spot gold was down around 3 percent over the same period.

The energy group fell 0.5 percent as rising supply weighed on crude prices. The financials group slipped 0.3 percent.   Continued...