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CANADA STOCKS-TSX gains on upbeat GDP data, energy boost

(Adds details; updates prices)

Dec 23 (Reuters) - Canada’s main stock index rose on Wednesday as the domestic economy grew more-than-expected in October, spurring hopes for a quicker economic recovery, while gains in energy stocks further lifted sentiment.

* The nation’s economy expanded both in October and November, with the October growth slightly above expectations, Statistics Canada said.

* The energy sector climbed 1.8% as U.S. crude prices rose 0.7% a barrel, while Brent crude also added 0.7%.

* At 09:39 a.m. ET (14:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 56.62 points, or 0.32%, at 17,609.08

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 1%.

* On the TSX, 168 issues advanced, while 47 issues declined in a 3.57-to-1 ratio favoring gainers, with 13.96 million shares traded.

* The largest percentage gainer on the TSX was Magna International Inc, which jumped 7.0%, after the auto parts maker announced a $1 billion joint venture with LG Electronics to build electric-car gears.

* Its gains were followed by lumber producer West Fraser Timber Co. Ltd, which rose 4.2%.

* E-commerce company Shopify Inc fell 3.6%, the most on the TSX, followed by software firm Constellation Software Inc, down 3.5%.

* The most heavily traded shares by volume were Power Corporation of Canada, National Bank of Canada, and TC Energy Corp.

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

* Across Canadian issues, there were 49 new 52-week highs and no new low, with total volume of 28.61 million shares. (Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)

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