CANADA STOCKS-TSX climbs with resource shares as U.S. data supports

Thu Nov 28, 2013 10:54am EST
 
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* TSX rises 35.03 points, or 0.26 percent, to 13,397.07
    * Eight of 10 main index sectors advance
    * Gold-mining shares climb with bullion price

    By John Tilak
    TORONTO, Nov 28 (Reuters) - Canada's main stock index
advanced on Thursday as positive U.S. economic data from
Wednesday and gains in natural resource shares kept investor
sentiment upbeat.
    Investors remained encouraged by a survey that showed U.S.
consumer sentiment climbed in November and data that indicated
the number of Americans filing new claims for unemployment
benefits unexpectedly dropped last week. 
    The Toronto market, which is up about 7.5 percent this year,
recorded a second straight daily gain. 
    But with U.S. stock markets closed for the Thanksgiving
holiday, trading volumes were thin.
    "We're building on the generally positive momentum that's
out there," said Colin Cieszynski, senior market analyst at CMC
Markets Canada.
    "It's a typical U.S. holiday, when things are relatively
quiet," he added. "Nobody really wants to rock the boat on days
like this."
    The Toronto Stock Exchange's S&P/TSX composite index
 was up 35.03 points, or 0.26 percent, at 13,397.07.
    Cieszynski said his long-term outlook for the TSX was
positive and investor interest was starting to come back to
Canadian equities.
    About 35 million shares changed hands at mid-morning,
compared with an average daily volume of about 294 million
shares in October, according to market operator TMX Group.
    Eight of the 10 main sectors on the index were higher.
    Gold-mining stocks rose 0.5 percent, tracking a rise in the
bullion price. 
    Barrick Gold Corp climbed 0.6 percent to C$17.45,
and Goldcorp Inc advanced 0.2 percent to C$23.69.
    Despite a decline in the price of oil, shares of energy
producers gained. Canadian Natural Resources Ltd 
climbed 0.5 percent to C$34.50, and Suncor Energy Inc 
added 0.3 percent to C$36.65.