CANADA STOCKS-TSX rises on gains for resource stocks, financials

Mon Nov 30, 2015 6:02pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager quotes, updates prices, adds details)

* TSX ends up 101.59 points, or 0.76 percent, at 13,469.83

* Eight of the TSX's 10 main groups rise

By Fergal Smith

TORONTO, Nov 30 (Reuters) - Canada's main stock index rallied on Monday, led by strength in resource stocks and as financials rose ahead of bank earnings reports this week but the index lost 0.4 percent in November.

The market saw some month-end rebalancing, according to Youssef Zohny, portfolio manager at StennerZohny Investment Partners of Richardson GMP in Vancouver.

The Toronto Stock Exchange's S&P/TSX composite index closed up 101.59 points, or 0.76 percent, at 13,469.83, with eight of the index's 10 main groups in positive territory.

The energy group rallied 1.5 percent despite U.S. crude oil prices unwinding earlier gains to close lower on the day.

Suncor Energy Inc rose 2.5 percent to C$36.90. After the close, the Alberta Securities Commission said shareholders in Canadian Oil Sands should have until Jan. 4, 2016 to consider Suncor's hostile takeover bid.   Continued...