CANADA STOCKS-TSX rises, but energy sector losses cut into broad advance

Mon Jul 18, 2016 10:51am EDT
 
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(Updates prices)

* TSX up 31.82 points, or 0.22 percent, to 14,514.24

* Nine of the TSX's 10 main groups gain

TORONTO, July 18 (Reuters) - Canada's main stock index rose on Monday as banks, some consumer stocks, industrials and materials gained, while energy shares weighed with lower oil prices.

The most influential movers on the index included Valeant Pharmaceutical International Inc, which jumped 5.3 percent to C$31.13 after a company it has a licensing agreement with reported positive results for a new drug.

At 10:20 a.m. EDT (1420 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 31.82 points, or 0.22 percent, to 14,514.24.

Nine of the index's 10 main groups were in positive territory, with the energy group retreating 0.6 percent.

Canadian Natural Resources, the country's largest natural gas producer, declined 1.3 percent to C$40.81.

Pipeline operators fell, with TransCanada Corp down 0.6 percent to C$60.80. Enbridge Inc shed 0.4 percent to C$53.72, while Suncor Energy Inc, the country's largest oil and gas producer, lost 0.5 percent to C$35.91.   Continued...