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CANADA STOCKS-TSX gains on energy strength, upbeat earnings

Oct 22 (Reuters) - Canada’s main stock index recouped early losses on Thursday, helped by energy stocks and upbeat earnings from Rogers Communications Inc and Corus Entertainment Inc.

* The energy sector climbed 0.3% as U.S. crude prices were up 0.9% a barrel, while Brent crude added 0.8%.

* The largest percentage gainer on the TSX was Rogers Communications, which jumped 9.1% after the telecom operator beat estimates for third-quarter revenue.

* Its gains were followed by Corus Entertainment which rose 5.7% after the media company beat fourth-quarter profit estimates.

* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 42.92 points, or 0.26%, at 16,273.15.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.0%.

* On the TSX, 129 issues were higher, while 87 issues declined for a 1.48-to-1 ratio favouring gainers, with 13.69 million shares traded.

* First Majestic Silver Corp fell 2.8%, the most on the TSX, after National Bank of Canada slashed price target of the miner’s stock and the second biggest decliner was Silvercorp Metals Inc, down 2.5%.

* The most heavily traded shares by volume were those of Nevada Copper Corp, Suncor Energy Inc, and CES Energy Solutions Corp.

* The TSX posted two new 52-week highs and no new lows.

* Across all Canadian issues there were eight new 52-week highs and no new lows, with total volume of 25.66 million shares. (Reporting by Amal S in Bengaluru; Editing by Shailesh Kuber)

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