* TSX up 145.94 points, or 1.09 percent, at 13,485.68
* Nine of the TSX's 10 main groups rise
* Suncor's bid for Canadian Oil Sands boosts energy shares
TORONTO, Oct 5 (Reuters) - Canada's main stock index jumped
on Monday, with Canadian Oil Sands COS.TO catapulting 47
percent higher on Suncor Energy Inc's SU.TO hostile C$4.3
billion ($3.3 billion) bid for its rival and co-producer in the
country's oil sands industry.
The push higher in Canadian Oil Sands stock - to C$9.06,
higher than the all-stock offer value of C$8.84 a share -
carried the overall energy group up 2.8 percent. ID:nL3N1252J2
The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE was up 145.94 points, or 1.09 percent, at 13,485.68 by
10:11 a.m. (1411 GMT). There were 13 advancing issues for every
decliner, with six new 52-week highs and no new lows.
Suncor slipped 2.3 percent to C$34.57.
Nine of the index's 10 main sectors were higher, with
healthcare bucking the trend with a 1.2 percent slip.
Heavyweight Valeant Pharmaceuticals (NYSE:VRX) VRX.TO fell 7.8 percent to
C$220.96 amid heavy criticism of its pricing practices.
Other major energy gainers included Canadian Natural
Resources Ltd CNQ.TO , which rose 4.9 percent to C$27.37, and
Crescent Point Energy Corp CPG.TO advanced 4.8 percent to
C$17.33.
U.S. crude CLc1 prices were up 1.8 percent to $46.36 a
barrel, while Brent crude LCOc1 added 2.4 percent to
$49.28. O/R
Banks were also propping up the index, with Toronto-Dominion
Bank TD.TO adding 1.2 percent to C$52.25 and Bank of Nova
Scotia BNS.TO advancing 1 percent to C$57.77.
Financials overall climbed 1.2 percent.
Investors will be sifting though the implications of the
most sweeping trade liberalization pact in a generation, reached
on Monday by Pacific trade ministers. The deal will cut trade
barriers and set common standards for 12 countries.
ID:nL3N1252R6