CANADA STOCKS-TSX rises to near two-week high on bets Britain stays in EU

Thu Jun 23, 2016 4:59pm EDT
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(Adds analyst quote, updates prices)

* TSX closes up 127.64 points, or 0.91 percent, at 14,131.45

* Index touches highest since June 10 at 14,150.40

* Eight of the TSX's 10 main groups end higher

By Fergal Smith

TORONTO, June 23 (Reuters) - Canada's benchmark stock index reached a nearly two-week high on Thursday, led by financial and energy stocks after a series of last-minute opinion polls pointed to Britain staying in the European Union and bookmakers' odds indicated a shift toward the "Remain" camp.

Global equities and oil prices rose with the world watching as Britons voted in a referendum on whether to leave the EU, changing the face of Europe, or to stay.

"Markets are betting the same way the bookies (bookmakers) are," said Paul Hand, managing director at RBC Capital Markets, who is optimistic that markets will adjust quickly whatever the outcome.

Some of the most influential movers on the index were Canada's heavyweight banks. Royal Bank of Canada climbed 1.6 percent to C$79.69 and Toronto-Dominion Bank advanced 0.9 percent to C$56.66, while the overall financials group rose nearly 1 percent.   Continued...