(Adds details on specific stocks, updates prices)
* TSX up 53.04 points, or 0.35 percent, to 15,340.74
* Eight of the TSX's 10 main groups were higher
TORONTO, Dec 13 Canada's main stock index
resumed a recent rally on Tuesday after a slip in the prior
session, helped higher by gains among heavyweight banking and
energy stocks, while materials stocks weighed.
At 10:27 a.m. EDT (1527 GMT), the Toronto Stock Exchange's
S&P/TSX composite index rose 53.04 points, or 0.35
percent, to 15,340.74. It earlier touched a fresh 19-month high
Eight of the index's 10 main groups were in positive
territory, led by 0.7 percent gains for both the financials and
energy sectors. The materials group, which includes precious and
base metals miners and fertilizer companies, lost 1.3 percent.
Oil prices were little changed, after sharp gains on the
back on deals among producers to cut output.
Husky Energy Inc added 1 percent to C$17.06 after
raising its 2017 production forecast and saying it would set
aside more money for capital expenditure as its board had
sanctioned several new projects.
Canadian Natural Resources Ltd rose 1 percent to
C$17.06 a day after announcing the sale of its stake in the Cold
Lake pipeline while maintaining access to the route to move its
The financials group gained with Toronto-Dominion Bank
up 0.8 percent to C$65.98 and Royal Bank of Canada
up 0.7 percent to C$90.92.
Industrials rose 0.8 percent as Canadian National Railway Co
bounced 0.9 percent to C$90.32.
Teck Resources Ltd fell 5 percent to C$28.60.
Japan's biggest steelmaker Nippon Steel said on Tuesday it has
agreed on a coking coal price for first quarter of 2017 with
Glencore Plc and Teck that is 43 percent higher than
the previous quarter.
Fertilizer makers Agrium Inc and Potash Corp
both fell sharply after recent strong gains. AltaCorp
downgraded Agrium on Monday after the stock's recent rally.
(Reporting by Alastair Sharp; Editing by Nick Zieminski)