July 6 (Bloomberg) -- Canadian stocks rose as oil prices climbed to almost $61 a barrel in New York, lifting energy producers such as Ivanhoe Energy Inc. and Petro-Canada.

``I'm not selling my oil stocks,'' said David Cockfield, who helps manage C$1 billion at Leon Frazer & Associates in Toronto. ``We could have prices of $70 to $75 a barrel in the next few months. That'll be great for my stocks, but overall it'll have a bad economic effect.'' The firm's biggest holdings are EnCana Corp. and Talisman Energy Inc.

The Standard & Poor's/TSX Composite Index advanced 32.39, or 0.3 percent, to 10,107.52 as of 12:36 p.m. in Toronto, extending a rally that's sent the benchmark to its highest since October 2000.

The benchmark, which gets a quarter of its value from energy stocks, is up 9.3 percent this year. An S&P/TSX energy group, which is up 40 percent this year, increased 0.3 percent to a record. Utilities are the only other group to climb more than the S&P/TSX in 2005, rising 11 percent.

Crude oil for August delivery jumped 1.8 percent to $60.65 a barrel in New York after reaching $60.85. Tropical Storm Cindy disrupted shipments along the U.S. Gulf coast and another storm threatened the region.

Ivanhoe, a Canadian oil and natural-gas producer, added 6 cents to C$3.03. Petro-Canada, the third-largest Canadian oil producer, rose 48 cents to C$82.45.

CI Fund, Amvescap

CI Fund Management Inc., Canada's No. 3 mutual fund manager, fell 19 cents to C$18.04. Chief Operating Officer Stephen MacPhail said the company offered a ``significant premium'' for Amvescap Plc. sending shares of Europe's largest publicly traded money manager up as much as 17 percent. Amvescap said it's unlikely an offer will be made that's in shareholders' best interests.

The following is a list of companies whose shares are having unusual price changes in the Canadian market. Stock symbols are in parentheses after company names.

Emera Inc. (EMA CN) fell 48 cents, or 2.5 percent, to C$18.67. The Nova Scotia electricity regulator was reduced to ``negative'' from ``stable'' by Standard & Poor's and its debt rating was affirmed at BBB+.

Glamis Gold Ltd. (GLG CN) rose 35 cents, or 1.7 percent, to C$20.65. The producer of gold in Nevada and Honduras said James Voorhees was promoted to executive vice president and chief operating officer.

Pizza Pizza Royalty Income Fund (PZA-U CN) added 70 cents, or 7 percent, to C$10.70 on its first day of trading. The fund sold 16.8 million units at C$10 a piece and said it would use the proceeds to acquire the trademarks and intellectual property rights of Pizza Pizza Ltd., which had 500 restaurants in Canada as of March 31.

Tembec Inc. (TBC CN) rallied for a second day, gaining 15 cents, or 4.2 percent, to C$3.72 after an investment company controlled by Canadian billionaire Lino Saputo said it increased its holding in Canada's biggest pulp producer by 2.02 million shares. That boosted Saputo's stake to 16.4 percent.

CI Fund Management Inc. (CIX CN)
Ivanhoe Energy Inc. (IE CN)
Petro-Canada (PCA CN)

To contact the reporter on this story: Ari Levy in New York at alevy5@bloomberg.net.

Last Updated: July 6, 2005 12:39 EDT