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TSX boosted by energy and gold

TORONTO (Bloomberg) - Canadian stocks gained for a third day, the longest winning streak in two weeks, as energy and gold producers climbed with commodity prices and technology companies surged after Intel Corp.'s earnings topped forecasts.

Kinross Gold Corp. and Goldcorp Inc. both rose with the price of bullion, surging more than 3.5 percent. Canadian Natural Resources Ltd. and Suncor Energy Inc., led energy companies as they advanced 2.2 percent as a group.

Research In Motion Inc. rose four percent after chipmaker Intel reported second-quarter earnings per share excluding some items that were double the average of analyst estimates in a Bloomberg survey.

"The market is healing itself," said Paul Gardner, a portfolio manager at Avenue Investment Management in Toronto, which oversees about C$90 million. "These earnings show we still exist as a financial society.

"We still can make money.

"We still can produce things."

The Standard & Poor's/TSX Composite Index rose 229.31 points, or 2.3 percent, to 10,215.46 at 4.10 p.m. in Toronto.

The benchmark index had its biggest gain since June 25 and has added 35 percent since a five-year low March 9.

Crude oil for August delivery surged $2.02, or 3.4 percent, to $61.54 a barrel at 2.44 p.m. on the New York Mercantile Exchange, the biggest gain since June 23, after a government report showed a bigger-than-forecast decline in US crude inventories as refineries increased operating rates.

Canadian Natural Resources added three percent to C$59.76. Suncor climbed 3.7 percent to C$32.61.