CANADA STOCKS-TSX extends rally as oil fuels energy; Bombardier sinks

Wed Oct 7, 2015 11:15am EDT
 
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(Updates throughout with market reaction, corporate news, details)

* TSX up 153.68 points, or 1.13 percent, to 13,800.94

* Nine of the TSX's 10 main groups were up

By Solarina Ho

TORONTO, Oct 7 (Reuters) - Canada's main stock index was aiming for its fourth straight day of gains on Wednesday, as higher crude prices helped fuel energy shares, but Bombardier Inc tumbled after the planemaker said CSeries talks with Airbus had ended.

Canadian Natural Resources was among the top gainers, surging 2.8 percent to C$30.38, while fellow energy company Enbridge Inc rallied 1.8 percent to C$55.20.

The overall oil and gas sector climbed 2.7 percent, propelled by oil price gains over the last four sessions on evidence market conditions were tightening.

At 10:52 a.m. EDT (1452 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 153.68 points, or 1.13 percent, to 13,800.94. The index had briefly touched its highest level in three weeks.

Telecoms was the only sector that failed to rise. Overall, advancing issues outnumbered declining ones on the TSX by 186 to 53, for a 3.51-to-1 ratio on the upside.   Continued...