TORONTO, Sept 15 - Toronto's main stock index rose more than 1 percent on Tuesday to its highest closing level of 2009, as a commodity price rally and firm U.S. data spurred gains in heavily weighted materials, energy and financial shares.
The S&P/TSX composite index .GSPTSE rose 163.79 points, or 1.45 percent, at 11,495.83, its highest close since October.
Six of the index's 10 main groups advanced, led by a 2.44 percent gain in materials and a 2.03 percent climb in energy. The influential financials group was up 1.14 percent.
"Gold is up...back over $1,000 and that's got all our gold stocks going again and from the other side oil is doing well and is back over $70 again, and the financials are even helping a little bit here," said John Kinsey, portfolio manager at Caldwell Securities Ltd in Toronto.
"We're kind of hitting on all three cylinders."
Leading stocks on Tuesday included oil companies Suncor Energy (SU.TO), up 3.5 percent at C$38.65, and Canadian Natural Resources (CNQ.TO), up 2.7 percent at C$73.04.
Gold-mining issues rose as prices for the yellow metal held over $1,000 an ounce and some producers predicted it could go a lot higher. [GOL/]
Goldcorp (G.TO) was up 2.7 percent at C$45.44, while Kinross (K.TO) advanced 2.84 percent to C$24.60. ($1=$1.07 Canadian)
The S&P/TSX composite index .GSPTSE rose 163.79 points, or 1.45 percent, at 11,495.83, its highest close since October.
Six of the index's 10 main groups advanced, led by a 2.44 percent gain in materials and a 2.03 percent climb in energy. The influential financials group was up 1.14 percent.
"Gold is up...back over $1,000 and that's got all our gold stocks going again and from the other side oil is doing well and is back over $70 again, and the financials are even helping a little bit here," said John Kinsey, portfolio manager at Caldwell Securities Ltd in Toronto.
"We're kind of hitting on all three cylinders."
Leading stocks on Tuesday included oil companies Suncor Energy (SU.TO), up 3.5 percent at C$38.65, and Canadian Natural Resources (CNQ.TO), up 2.7 percent at C$73.04.
Gold-mining issues rose as prices for the yellow metal held over $1,000 an ounce and some producers predicted it could go a lot higher. [GOL/]
Goldcorp (G.TO) was up 2.7 percent at C$45.44, while Kinross (K.TO) advanced 2.84 percent to C$24.60. ($1=$1.07 Canadian)
