CANADA STOCKS-TSX plods higher as investors eye China stimulus

Wed Sep 9, 2015 11:36am EDT
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(Adds portfolio manager, updates prices)

* TSX up 40.57 points, or 0.3 percent, to 13,671.24

* Seven of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, Sept 9 (Reuters) - Canada's main stock index rose on Wednesday, encouraged by the prospect of further stimulus out of Asia as Canada's central bank held rates steady.

China's Finance Ministry said it would strengthen fiscal policy, boost infrastructure spending and speed up tax reform, helping lift Chinese shares for a second day.

"What happened in China was looked on as somewhat bullish," said John Kinsey, a portfolio manager at Caldwell Securities.

"Hopefully we're going to have some semblance of order in the market now, and gradually it will work its way higher."

Japan's prime minister, Shinzo Abe, said his country would cut corporate taxes to stimulate growth, which also aided sentiment.   Continued...