(Adds details throughout on stocks and sectors and updates
* TSX rises 14.24 points, or 0.09 percent, to 15,683.31
* Seven of the TSX's 10 main groups rise
TORONTO, April 5 Canada's main stock index rose
on Wednesday to a nearly six-week high, although some gains were
pared as oil prices fluctuated after the release of U.S.
inventory data, while lower gold prices weighed on some mining
At 11:22 a.m. ET (1522 GMT), the Toronto Stock Exchange's
S&P/TSX composite index rose 14.24 points, or 0.09
percent, to 15,683.31. It touched its highest intraday since
Feb. 23 at 15,758.39.
Gains for the index came after solid private employment data
underscored the strength of the U.S. economy, boosting financial
stocks and helping calm investor jitters over President Donald
Trump's ability to deliver on his policy plans.
Canada's heavyweight financial services group edged up 0.1
percent, with Royal Bank of Canada up 0.6 percent at
Suncor Energy Inc rose 1.3 percent to C$41.55, while
the overall energy group was up 0.2 percent.
U.S. crude prices retreated from an earlier four-week
high, down 0.1 percent at $50.99 a barrel, after data showed a
surprise build in U.S. crude stockpiles.
Seven of the index's 10 main groups rose, including a 0.6
percent gain for consumer discretionary stocks.
Department store retailer Hudson's Bay Co reported
a quarterly loss on Tuesday, due in part to an impairment charge
related to weak sales at Saks OFF 5TH and Gilt.
Still, its shares rose 7.2 percent to C$10.40.
China's Shandong Gold Mining Co Ltd is in
advanced talks to buy a 50 percent stake in Barrick Gold Corp's
Veladero gold mine in Argentina, in a deal that could
fetch more than $1 billion, people familiar with the process
Barrick's shares fell 1.1 percent to C$25.81 as gold prices
retreated. Gold futures fell 0.7 percent to $1,246.4 an
The overall materials group, which includes precious and
base metals miners and fertilizer companies, gained 0.1 percent.
Copper prices advanced 2.1 percent to $5,898.5 a
(Reporting by Fergal Smith; Editing by Chris Reese)