(Adds details throughout on stocks and sectors and updates prices)
* TSX rises 14.24 points, or 0.09 percent, to 15,683.31
* Seven of the TSX’s 10 main groups rise
TORONTO, April 5 (Reuters) - Canada’s main stock index rose on Wednesday to a nearly six-week high, although some gains were pared as oil prices fluctuated after the release of U.S. inventory data, while lower gold prices weighed on some mining shares.
At 11:22 a.m. ET (1522 GMT), the Toronto Stock Exchange’s S&P/TSX composite index rose 14.24 points, or 0.09 percent, to 15,683.31. It touched its highest intraday since Feb. 23 at 15,758.39.
Gains for the index came after solid private employment data underscored the strength of the U.S. economy, boosting financial stocks and helping calm investor jitters over President Donald Trump’s ability to deliver on his policy plans.
Canada’s heavyweight financial services group edged up 0.1 percent, with Royal Bank of Canada up 0.6 percent at C$97.42.
Suncor Energy Inc rose 1.3 percent to C$41.55, while the overall energy group was up 0.2 percent.
U.S. crude prices retreated from an earlier four-week high, down 0.1 percent at $50.99 a barrel, after data showed a surprise build in U.S. crude stockpiles.
Seven of the index’s 10 main groups rose, including a 0.6 percent gain for consumer discretionary stocks.
Department store retailer Hudson’s Bay Co reported a quarterly loss on Tuesday, due in part to an impairment charge related to weak sales at Saks OFF 5TH and Gilt.
Still, its shares rose 7.2 percent to C$10.40.
China’s Shandong Gold Mining Co Ltd is in advanced talks to buy a 50 percent stake in Barrick Gold Corp’s Veladero gold mine in Argentina, in a deal that could fetch more than $1 billion, people familiar with the process told Reuters.
Barrick’s shares fell 1.1 percent to C$25.81 as gold prices retreated. Gold futures fell 0.7 percent to $1,246.4 an ounce.
The overall materials group, which includes precious and base metals miners and fertilizer companies, gained 0.1 percent.
Copper prices advanced 2.1 percent to $5,898.5 a tonne. (Reporting by Fergal Smith; Editing by Chris Reese)