(Reuters) - Canada's main stock index rose on Tuesday as investors cheered the re-election of a Liberal government under Prime Minister Justin Trudeau, but concerns over a minority government's ability to build new oil pipelines pulled energy shares lower.
* At 9:50 a.m. ET (13:50 GMT), the Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> was up 44.04 points, or 0.27%, at 16,462.49.
* Trudeau's Liberals held onto power after a closely fought election on Monday but were reduced to a minority.
* Ten of the index's 11 major sectors were higher, with only energy <.SPTTEN> down as a minority leaves Trudeau in need of support from Left-leaning parties that are opposed to new oil pipelines
* The financials sector <.SPTTFS> gained 0.3%, while industrials <.GSPTTIN> rose 0.5%.
* The materials sector <.GSPTTMT>, which includes precious and base metals miners, added 0.4% despite gold futures
* On the TSX, 164 issues were higher, while 63 issues declined for a 2.60-to-1 ratio favouring gainers, with 12.81 million shares traded.
* The largest percentage gainers on the TSX were Lavalin Group Inc
* Methanex Corp
* The most heavily traded shares by volume were Wallbridge Mining Co Ltd
* The TSX posted six new 52-week highs and two new lows.
* Across all Canadian issues there were 10 new 52-week highs and seven new lows, with total volume of 26.32 million shares.
(Reporting by Agamoni Ghosh; Editing by Sriraj Kalluvila)
