(Adds details on specific stocks and sectors, updates prices)
* TSX up 16.38 points, or 0.11 percent, at 14,565.98
* Eight of the TSX's 10 main groups move higher
TORONTO, Oct 12 Canada's main stock index
modestly advanced in see-saw trading on Wednesday as a rally in
gold mining and other materials stocks offset a drop in energy
companies spurred by falling oil prices.
The most influential gainers included Teck Resources
, which advanced 2.2 percent to C$24.80, its highest in
more than two years. In recent weeks, several analysts have
raised their price targets on the diversified miner.
The materials group, which includes precious and base metals
miners and fertilizer companies, added 0.9 percent, with Franco
Nevada Corp rising 2.2 percent to C$83.78.
The energy group retreated 0.7 percent, including eight of
the 12 heaviest weights, as oil prices fell.
Crescent Point Energy Corp fell 2.1 percent to
C$17.54 and Suncor Energy Inc slipped 0.7 percent to
Climate-change activists on Tuesday disrupted the flow of
millions of barrels of crude from Canada to the United States in
rare, coordinated action that targeted several key pipelines
At 10:26 a.m. EDT (1426 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was up 16.38 points, or 0.11
percent, at 14,565.98.
Eight of the index's 10 main groups were higher, although
advancers only outnumbered decliners by a 1.4-to-1 ratio.
Prometic Life Sciences Inc jumped 7 percent to
C$3.07 after reporting promising results from a clinical trial.
(Reporting by Alastair Sharp)