CANADA STOCKS-TSX rise led by energy, financial stocks as oil rallies

Wed Mar 9, 2016 4:53pm EST
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(Adds portfolio manager comment, details, updates prices)

* TSX ends up 81.85 points, or 0.61 percent, at 13,392.90

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

By Alastair Sharp

TORONTO, March 9 (Reuters) - Canada's benchmark stock index rose on Wednesday, led by energy stocks as crude oil prices rallied and as financial stocks gained after the Bank of Canada chose to hold interest rates steady.

The energy group climbed 1.3 percent while the financials gained 0.6 percent and industrials rose 0.9 percent.

Valeant Pharmaceuticals International Inc shares rose 4.5 percent to C$88.80 after the embattled drugmaker said it had granted activist investor Bill Ackman's Pershing Square a board seat.

That move was one of the most influential for the Toronto Stock Exchange's S&P/TSX composite index, which has gained in nine of the last 10 trading session and is just off its highest level in three months.

The index ended up 81.85 points, or 0.61 percent, at 13,392.90. Nine of its 10 main sectors ended higher, with consumer staples lagging as grocery chain Loblaw Cos Ltd fell 1.5 percent to C$70.82 and dairy producer Saputo Inc slipped 1.2 percent to C$39.71.   Continued...