CANADA STOCKS-TSX gains as energy, financials stocks move higher

Tue Dec 1, 2015 10:34am EST
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(Adds details, updates prices)

* TSX up 89.76 points, or 0.67 percent, at 13,559.59

* Eight of the TSX's 10 main groups rise

TORONTO, Dec 1 (Reuters) - Canada's main stock index rose on Tuesday, led by gains in the heavyweight energy and financial sectors as crude oil prices steadied and two of the country's main banks reported quarterly earnings.

Bank of Montreal rose 1.4 percent to C$78.17 after reporting higher profit and upping its dividend, while Bank of Nova Scotia was flat at C$60.88 after its quarterly report.

The overall financials group, which accounts for more than one-third of the index's weight, climbed 0.6 percent.

Energy stocks climbed 1.1 percent, with Suncor Energy Inc up 1.1 percent to C$37.31 and Cenovus Energy Inc advancing 2.9 percent to C$20.34.

At 10:13 a.m. EST (1513 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 89.76 points, or 0.67 percent, at 13,559.59.

U.S. crude prices were up 0.6 percent to $41.89 a barrel, while Brent added 0.3 percent to $44.74.   Continued...