CANADA STOCKS-TSX ends up 0.4 pct despite drag from energy shares

Wed May 27, 2015 4:43pm EDT
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(Adds investor comment, updates prices to close)

* TSX ends up 59.66 points, or 0.40 percent, at 15,110.47

* Most sectors broadly positive but energy weighs

By Alastair Sharp

TORONTO, May 27 (Reuters) - Canada's main stock index bounced back on Wednesday, with gains for banks and industrial stocks leading the charge and overshadowing losses among energy names, which wilted along with underlying commodity prices.

Air Canada was a major winner, jumping 8 percent to C$13.59, after it said its pension funding gap had evaporated and more cash could be returned to investors or spent on new planes.

The Toronto Stock Exchange's S&P/TSX composite index ended up 59.66 points, or 0.40 percent, at 15,110.47.

Shares in banks were broadly higher as quarterly results from several major lenders helped ease concerns about the impact of an oil price slump and sluggish Canadian economy.

Bank of Montreal and National Bank of Canada each gained marginally after both reported higher-than-expected quarterly profits and raised dividends.   Continued...