CANADA STOCKS-TSX climbs as global growth hopes buoy sentiment

    * TSX rises 54.32 points, or 0.40 percent, to 13,746.70 
    * Nine of the 10 main index sectors advance 
    * Manulife the biggest positive influence on key index 
    * Magna up after sales forecast 
 
    By John Tilak 
    TORONTO, Jan 15 (Reuters) - Canada's main stock index 
advanced broadly on Wednesday after the World Bank issued a 
brighter outlook for global economic growth, a development that 
would benefit the export-oriented Canadian stock market. 
    The World Bank raised its forecast for global growth for the 
first time in three years as advanced economies started to pick 
up pace, led by the United States.    
    The Toronto Stock Exchange's benchmark index has gained in 
six of the last seven sessions, with its resource sectors, which 
had a lackluster 2013, beginning to gather steam. 
    "Ironically, it is the resources that are giving the 
impetus, and part of it is the lower Canadian dollar," said John 
Ing, president of Maison Placements Canada. 
    The Canadian dollar is trading at four-year lows against the 
greenback, which is gaining strength along with the U.S. 
economy.  CAD/  
    Producers of forest products, metals and oil could receive a 
significant lift from the currency's weakness, Ing said. "It's a 
bonus that a lot of investors have not taken into account."  
    The Toronto market's S&P/TSX composite index    was 
up 54.32 points, or 0.40 percent, at 13,746.70. Nine of the 10 
main sectors on the index were higher. 
    Financials, the index's most heavily weighted sector, rose 
0.5 percent. Manulife Financial Corp    climbed 1.4 
percent to C$21.88, and had the biggest positive influence on 
the index. Royal Bank of Canada    added 0.3 percent to 
C$71.11. 
    Higher oil prices supported gains in the energy sector, with 
Suncor Energy Inc    advancing 0.3 percent to C$37.36. 
    The materials sector, which includes mining stocks, gained 
0.6 percent. Barrick Gold Corp    rose 0.5 percent to 
C$19.59. 
    Magna International Inc    forecast 2014 sales below 
analysts' expectations due to lower revenue in its complete 
vehicle-assembly business. Shares in the auto parts maker was 
nevertheless up 0.8 percent at C$92.88.    
    ($1=$1.09 Canadian) 
 
 (Editing by Peter Galloway) 
 ((john.tilak@thomsonreuters.com)(1-416-687-7918)(Reuters 
Messaging: john.tilak.reuters.com@reuters.net)) 
  
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