CANADA STOCKS-TSX advances as Bombardier leaps on Airbus deal, financials rise

(Updates throughout with index and stock moves)

* TSX up 15.34 points, or 0.1 percent, to 15,818.04

* Six of the TSX’s 10 main groups were up

TORONTO, Oct 17 (Reuters) - Canada’s main stock index rose on Tuesday, led by a more than 20 percent surge in Bombardier Inc shares and higher financial stocks.

Bombardier was up 19.5 percent to C$2.82 after soaring as much as 26.4 percent following a major deal with Airbus SE .

The Canadian plane and train maker said it would sell a majority stake in its CSeries jetliner program to the European company, a move that helps secure the CSeries’ future and solves a number of issues for Bombardier, including a dispute with Boeing Co.

The overall industrials group rose 0.5 percent.

Financial stocks, which make up about a third of the index’s weight, gained 0.3 percent. Royal Bank of Canada was the second biggest driver of the index’s gains and was up 0.5 percent to C$99.81. Thomson Reuters was another top gainer, rallying 2.4 percent to C$60.61.

At 10:48 a.m. EDT (1448 GMT), the Toronto Stock Exchange’s S&P/TSX composite index rose 15.34 points, or 0.1 percent, to 15,818.04. Six out of the index’s 10 main groups advanced.

Oil and gas companies retreated 0.1 percent alongside crude prices.

Capping gains was a 0.5 percent loss by the materials group, home to mining and other resource firms, as base and precious metal prices fell on a stronger U.S. dollar.

Teck Resources fell 1.7 percent to C$28.33 while First Quantum Minerals Ltd slid 2.8 percent to C$15.41. Potash Corp was down 1.2 percent to C$24.02.

Aphria Inc shares tumbled 11.1 percent to C$7.04 after the operator of the Toronto Stock Exchange said that cannabis companies with U.S. interests would come under heightened scrutiny and could be delisted.

Declining issues outnumbered advancing ones on the TSX by 138 to 99, for a 1.39-to-1 ratio on the downside. (Reporting by Solarina Ho; Editing by Paul Simao)