CANADA STOCKS-TSX rises as energy stocks bolstered by higher crude

Thu Sep 3, 2015 12:09pm EDT
 
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(Updates throughout with analyst comment, market reaction, details)

* TSX up 102.45 points, or 0.76 percent, to 13,647.7

* Nine of the TSX's 10 main groups rose

By Solarina Ho

TORONTO, Sept 3 (Reuters) - Canada's main stock index rallied more than 1 percent on Thursday as energy stocks tracked rebounding crude prices and markets digested this week's domestic economic data.

A pledge by the European Central Bank to keep monetary policy loose helped prop up crude prices more than 3 percent, while closed markets in China due to a public holiday also helped stabilize the volatile commodity.

Energy stocks climbed 1.8 percent, aided by Suncor Energy Inc, which rose 1.4 percent to C$35.48 to lead the index gainers.

Heavily-weighted financial firms, which have deep ties with oil and gas companies, also made gains, climbing 0.9 percent. Bank of Nova Scotia rose 1.6 percent to C$59.32.

At 11:32 a.m. EDT (1532 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 102.45 points, or 0.76 percent, to 13,647.7. Earlier in the session, the index had touched a high of 13,706.76.   Continued...