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CANADA STOCKS-TSX up for third session on gold miners boost, stimulus hopes

Dec 17 (Reuters) - Canada’s main stock index extended gains for a third straight session on Thursday, as gold miner stocks gained, while hopes for fresh stimulus in United States further lifted sentiment.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 2.7% as gold futures rose 1.2% to $1,878 an ounce.

* The sector’s gains were led by the largest percentage gainers on the TSX, Seabridge Gold Inc and MAG Silver Corp, which jumped 5.2% and 4.5% respectively.

* At 9:37 a.m. ET (14:37 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 98.08 points, or 0.56%, at 17,665.5.

* The optimism in the Canadian market followed the upbeat rally across global markets after U.S. congressional leaders sounded more positive about a $900 billion stimulus package.

* Adding to the upbeat mood, the energy sector climbed 0.1% as U.S. crude prices rose 1.0% a barrel, while Brent crude added 0.7%.

* On the TSX, 149 issues advanced, while 66 issues declined in a 2.26-to-1 ratio favoring gainers, with 16.15 million shares traded.

* Aurinia Pharmaceuticals Inc fell 9.7%, the most on the TSX, after the biotech firm announced a licensing agreement with Otsuka Pharmaceutical Co Ltd.

* The second biggest decliner was pot producer Aphria Inc , down 5.8%, after brokerage Stifel downgraded it to “hold” from “buy”.

* The most heavily traded shares by volume were BCE Inc , Canadian Imperial Bank of Commerce, and Air Canada.

* The TSX posted six new 52-week highs and no new low.

* Across Canadian issues, there were 74 new 52-week highs and four new lows, with total volume of 32.55 million shares. (Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)

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