By Jennifer Kwan
TORONTO (Reuters) - Toronto's main stock market index raced higher on Monday morning as strength in the price of bullion lifted Barrick Gold, Goldcorp and other miners.
Barrick rose 1.4 percent to C$45.73 and Goldcorp climbed 0.9 percent to C$46.65 as the price of gold touched a record high above $1,130 an ounce on a slide in the U.S. dollar. Teck Resources climbed 2.6 percent at C$34.34.
"Gold seems to be the feature today," said John Ing, president of Maison Placements Canada. "Gold is fairly strong on the weak U.S. dollar."
A communique at the close of a two-day Asia Pacific summit in Singapore omitted a reference to "market-oriented exchange rates," suggesting China may not be ready to let the yuan rise gradually against the dollar.
The greenback also fell on rosier-than-expected U.S. retail sales data for October.
Weakness in the greenback also helped boost the price of oil, which climbed above $77 a barrel.
Suncor Energy was a top mover, climbing 2 percent to C$37.64, while fellow oil company EnCana Corp was up 0.5 percent at C$58.72.
At 9:59 a.m. (1459 GMT), the S&P/TSX composite index was up 91.34 points, or 0.8 percent, at 11,499.02, with all of its 10 main groups higher.
($1=$1.04 Canadian)
(Reporting by Jennifer Kwan; editing by Peter Galloway)
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