TSX rises to 16-month high, led by resource shares

By Fergal Smith TORONTO (Reuters) - Canada's main stock index rose to a 16-month high on Friday as shares of energy and materials companies led broad-based gains and investors raised bets on a rate cut from the Bank of Canada. For the week, the commodity-linked TSX rose 2.4 percent, helped by a 15-month high on Wednesday for U.S. crude oil. "People might be speculating that if the loonie goes on another down-leg that could help the Canadian economy again," said Colin Cieszynski, senior market an