CANADA STOCKS-TSX rises as Brexit fears recede; gold miners weigh

Mon Jun 20, 2016 10:42am EDT
 
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(Adds details from early trade, updates prices)

* TSX rises 129.80 points, or 0.93 percent, to 14,031.57

* Nine of the TSX's 10 main groups gain

TORONTO, June 20 (Reuters) - Canada's main stock index rose on Monday, with financial and energy stocks leading a broad rally as investors returned to equity markets on rising expectations that Britain will vote to remain in the European Union later this week.

In early trade North American indices lagged the sharp gains of Europe's markets, which had been stung by worries that a British exit, or Brexit, would prove economically calamitous.

At 10:20 a.m. EDT (1420 GMT), the Toronto Stock Exchange S&P/TSX composite index rose 129.80 points, or 0.93 percent, to 14,031.57. Nine of its 10 main groups gained.

The most influential movers on the index included its biggest bank by market capitalization, Royal Bank of Canada , which rose 1.4 percent to C$78.69, and pipeline company Enbridge Inc, which added 1.8 percent to C$53.62.

The financials group gained 1.2 percent and the energy group climbed 1.8 percent. Combined, the two groups account for 56 percent of the index's overall weight.

RBC plans further expansion in the United States following its $5 billion acquisition of Los Angeles-based City National in November, its chief executive said on Friday.   Continued...