(Adds details on specific stocks, updates prices)
* TSX up 24.78 points, or 0.16 percent, to 15,317.74
* Six of the TSX's 10 main groups move higher
TORONTO, Dec 21 Canada's main stock index rose
in morning trade on Wednesday, its fifth minor gain in a row,
helped by rising energy and industrial stocks, with construction
company SNC-Lavalin jumping after winning an oil sands
SNC-Lavalin rose 3.9 percent to C$59.36. It said its
subsidiary is part of a joint venture that won a five-year deal
to supply engineering and procurement services to an unnamed
"prominent integrated oil company" in the Athabasca region in
The energy group meanwhile climbed 0.6 percent, with
pipeline companies leading the group's gains.
Two environmental groups filed for a judicial review of the
Canadian government's decision to approve Kinder Morgan's
Trans Mountain pipeline expansion on Tuesday, the first
legal challenge to the project since it received the green light
At 9:52 a.m. EDT (1452 GMT), the Toronto Stock Exchange's
S&P/TSX composite index rose 24.78 points, or 0.16
percent, to 15,317.74.
Six of the index's 10 main groups were in positive
territory, with advancers outnumbering decliners by a 1.80-to-1
Fairfax Financial Holdings Ltd advanced 1.9 percent
to C$647, while the broader financial sector slipped 0.1
The heaviest weight in the index was the world's largest
gold producer, Barrick Gold Corp, which fell 1.9
percent to C$18.80. TD Securities cut its call on the stock to
hold from buy and lowered its price target to $18 from $25.
Gold prices edged up as the U.S. dollar retreated from a
Label and packaging maker CCL Industries Inc pulled back 1.5
percent to C$267.10 a day after it jumped sharply on news it
planned to buy Innovia Group, which supplies the new UK plastic
five pound note that has fallen foul of vegetarians, for around
Telecom company BCE Inc advanced 0.5 percent to
C$57.68 a day after the CRTC granted the first of three
approvals needed for it to complete its acquisition of Manitoba
Telecom Service Inc.
The broadcaster regulator is due to rule after the close on
whether broadband internet is a basic service, which could lead
it to set targets for speed and pricing and crimp the operations
of the telecom and cable companies that sell internet service.
BlackBerry Ltd fell 1.6 percent to C$9.86, extending
losses after reported better-than-expected adjusted earnings and
raising its full-year growth forecast, as doubts about its
long-term growth outlook weighed.
(Reporting by Alastair Sharp; Editing by Frances Kerry)