* TSX up 14.32 points, or 0.09 percent, to 15,583.52
* Seven of the TSX’s 10 main groups move higher
TORONTO, May 10 (Reuters) - Canada’s main stock index inched higher on Wednesday morning as heavyweight energy stocks rose with higher oil prices, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting earnings that failed to impress investors.
The materials group, which includes precious and base metals miners and fertilizer companies, added 1 percent, while the energy group climbed 0.4 percent as oil recovered some recent losses after Iraq and Algeria joined Saudi Arabia in supporting an extension to OPEC supply cuts and U.S. crude inventories fell more than expected.
The two natural resource sectors together account for a third of the index’s weights.
At 10:19 a.m ET (1419 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 14.32 points, or 0.09 percent, to 15,583.52. Seven of its 10 main sectors rose.
The financials group slipped 0.4 percent, as Sun Life fell 5.3 percent to C$46.30 after reporting a smaller-than-expected profit after the bell on Tuesday.
TMX Group Ltd fell 6.3 percent to C$73.29 after its earnings also missed expectations late on Tuesday.
Home Capital Group was down 8.8 percent at C$8.08 as the non-bank lender facing a regulator probe said depositors were withdrawing funds at a slower rate.
DHX Media Ltd fell 3.0 percent to C$5.77 after the children’s media company said it would add Snoopy and Strawberry Shortcake to its portfolio with a $345 million deal to buy Iconix Brand Group Inc’s entertainment unit. (Reporting by Alastair Sharp; Editing by Bernard Orr)