CANADA STOCKS-Metal mining shares help lift TSX to a near two-week high

Updates at market close

By Fergal Smith

TORONTO, Nov 10 (Reuters) - Canada's main stock index rose on Monday, with metal mining shares leading broad-based gains as commodity prices climbed and investors grew hopeful the U.S. government shutdown would soon end.

The S&P/TSX Composite Index .GSPTSE ended up 404.44 points, or 1.4%, at 30,316.63, its highest closing level since October 28.

Wall Street's main indexes also rose following signs of progress in Washington to end a record government shutdown that has stalled economic data releases and intensified concerns over the state of the economy.

"There is relief that the government shutdown is coming to a close," said Bipan Rai, head of ETF and alternatives strategy at BMO Global Asset Management. "That's obviously lifting U.S. stocks and I think there is a bit of carryover in terms of risk momentum to the TSX."

The index clawed back the declines it had posted since the start of November, moving back in sight of last month's record high close of 30,637.12.

"It does feel like we're probably going to revisit those highs we saw in October," Rai said, adding that the fundamental backdrop remains constructive for a number of major sectors, including financials, energy and materials.

The materials group .GSPTTMT, which includes metal mining shares, jumped 3.8% as gold XAU= and copper HGc1 prices climbed. Shares of Barrick Mining ABX.TO were up 5.3% after the company beat quarterly profit estimates.

The price of oil CLc1 settled 0.6% higher at $60.13 a barrel, which helped lift the energy sector. Energy was up 1.5% and technology added 2.2%. Shares of electronic equipment firm Celestica Inc CLS.TO advanced 6.9%.

Just two of the 10 major sectors ended lower, including industrials, which dipped 0.2%.

(Reporting by Fergal Smith in Toronto and Avinash P and Pranav Kashyap in Bengaluru; Editing by Sahal Muhammed and Richard Chang)

((fergal.smith@thomsonreuters.com; +1 647 480 7446))