CANADA STOCKS-TSX broadly higher as oil rises, Brexit fears recede

Mon Jun 20, 2016 4:54pm EDT
 
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(Adds fund manager comment, details; updates prices to close)

* TSX closes up 113.37 points, or 0.82 percent, at 14,015.14

* All 10 of the TSX's main groups gain

By Alastair Sharp

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.

The Toronto Stock Exchange S&P/TSX composite index settled up 113.37 points, or 0.82 percent, at 14,015.14. All 10 of its main groups gained, with advancers outnumbering decliners by 5.5-to-1.

That lagged the sharper gains seen in European indices, which jumped as recent momentum for the campaign for Britain to leave the EU showed signs of waning. The vote is due on Thursday.

"I still think you're voting with the wind here, I don't know which way this is going to go," said Rick Hutcheon, president at RKH Investments. "It's probably still too close to call."

The most influential movers on the index included pipeline company Enbridge Inc, which added 2.1 percent to C$53.79, and Manulife Financial Corp, up 2.2 percent at C$18.37.   Continued...