(Adds details on specific stocks and sectors, updates prices)
* TSX up 97.84 points, or 0.67 percent, to 14,618.85
* Eight of the TSX's 10 main groups rise
TORONTO, Oct 5 Canada's main stock index rose on
Wednesday as energy stocks gained with higher oil prices and as
investors broadly cheered trade data that offered further
evidence of a third quarter economic rebound.
At 10:16 a.m. EDT (1416 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was up 97.84 points, or 0.67
percent, to 14,618.85.
Eight of its main groups were in positive territory.
The energy group climbed 1.9 percent as oil prices pushed to
their highest since June, supported by an industry report that
U.S. inventories probably fell for a fifth straight week and
OPEC's deal to cut supply.
Suncor Energy Inc rose 1.5 percent to C$36.94 and
Canadian Natural Resources Ltd rose 1.8 percent to
Enerplus Corp shares rose 6.3 percent to C$9.68.
The energy producer has put its natural gas assets in the U.S.
Marcellus shale region up for sale, according to three sources
familiar with the situation.
Barrick Gold rose 1.6 percent to C$20.71. It said late on
Tuesday that operations had resumed at its Veladero mine in
Argentina following approval from local authorities after
processing solution containing cyanide spilled last month.
But the materials group, which includes precious and base
metals miners and fertilizer companies, slipped 0.2 percent, as
a string of other gold miners lagged, adding to a plunge on
Tuesday, as prices for the precious metal held near a
Novagold RS fell 7.6 percent to C$5.92 after
reporting a third-quarter loss.
Canada's trade deficit in August shrank to its lowest level
in eight months on stronger non-energy exports, offering further
evidence the economy rebounded strongly in the third quarter.
The financials group gained 0.5 percent, with Royal Bank of
Canada up 0.6 percent to C$81.62 and Toronto-Dominion
Bank adding 0.6 percent to C$58.22.
Industrials rose 0.9 percent, with Canadian National Railway
Co up 1.3 percent to C$88.11.
(Reporting by Alastair Sharp; Editing by Phil Berlowitz)