CANADA STOCKS-TSX ends at highest since Aug; energy shares rise with oil

Tue Jul 12, 2016 4:49pm EDT
 
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(Adds portfolio manager comment, updates prices to close)

* TSX ends up 115.79 points, or 0.81 percent, at 14,477.67

* Nine of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, July 12 (Reuters) - Canada's main stock index notched its highest close in almost a year on Tuesday, as shares of oil and gas producers surged along with crude and banking and industrial stocks rallied as risk aversion faded.

Energy shares jumped 3.2 percent and financials added 1.2 percent, while gold miners were the biggest drags on the index.

Financial stocks account for 35 percent of the index's weight, while energy stocks constitute 20 percent.

The Toronto Stock Exchange's S&P/TSX composite index closed up 115.79 points, or 0.81 percent, at 14,477.67, its highest close since Aug. 5 last year.

The gains echoed record highs on Wall Street, partly fueled by Alcoa's getting the U.S. earnings season off to a better-than-expected start.   Continued...