CANADA STOCKS-TSX rises as gold miners jump, U.S. data supports

Tue Nov 25, 2014 4:31pm EST
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* TSX up 58.24 points, or 0.39 percent, at 15,073.65

* Eight of 10 main index sectors advance

* Energy shares fall with oil price (Adds comment, details, updates prices)

By John Tilak

TORONTO, Nov 25 (Reuters) - Canada's main stock index climbed on Tuesday as weakness in the U.S. dollar help drive up the bullion price and shares of gold miners, while positive U.S. economic data boosted most other sectors.

U.S. growth was stronger than initially thought in the third quarter, data released on Tuesday showed, due largely to upward revisions to business- and consumer-spending figures.

The Toronto stock market's benchmark TSX index has been gaining steadily since a pullback in October, but has yet to reach the record levels it hit in September.

The energy sector, which is in a slump over concerns about an imbalance in oil supply and demand, faltered again.

"It looks like investors are paring back their positions ahead of the OPEC meeting," said Youssef Zohny, portfolio manager at StennerZohny Investment Partners of Richardson GMP Ltd, which manages about C$28.3 billion in assets.   Continued...