CANADA STOCKS-TSX approaches 2016 high, led by banks, energy stocks

Mon Jul 11, 2016 10:34am EDT
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(Adds details throughout, updates prices)

* TSX up 131.04 points, or 0.92 percent, at 14,390.88

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

TORONTO, July 11 (Reuters) - Canada's main stock index rose on Monday, with energy and banking shares both jumping 1 percent and all 10 sectors in positive territory as a string of global developments boosted investor sentiment.

The broad gains were helped by Japan's latest fiscal stimulus and as Britain's ruling Conservatives settled on a leader following last month's vote to leave the European Union. Friday's strong U.S. jobs numbers also lent support.

At 10:02 a.m. EDT (1402 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 131.04 points, or 0.92 percent, at 14,390.88. There were four advancers for every decliner, and 15 issues were at 52-week highs.

The index is less than 60 points shy of the 14,450 level it peaked at in early June, breaching that would put it at its highest since August last year.

The U.S. benchmark S&P 500 stock index set a record intraday high.

The TSX's financials group, which accounts for 35 percent of the index's weight, gained 1 percent.   Continued...