CANADA STOCKS-TSX boosted by miners, banks; oil stocks weigh

Mon Aug 29, 2016 11:05am EDT
 
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(Adds details from early trade, updates prices)

* TSX up 24.26 points, or 0.17 percent, at 14,664.14

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

TORONTO, Aug 29 (Reuters) - Canada's main stock index made slight gains in morning trading on Monday, with rises for banks and miners offsetting energy shares' declines as the price of oil pulled back.

At 10:30 a.m. EDT (1430 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 24.26 points, or 0.17 percent, at 14,664.14.

Six of the index's 10 main groups were higher, with advancers and decliners almost equally split overall.

The most influential movers on the index included Toronto-Dominion Bank, which rose 0.6 percent to C$57.64, and Royal Bank of Canada, up 0.4 percent at C$81.87.

The heavyweight financial sector, which was up 0.3 percent overall, had produced a string of encouraging bank earnings reports last week, including from TD, Canadian Imperial Bank of Commerce and Bank of Montreal.

The energy group fell 0.3 percent on lower oil prices due to high output from Middle Eastern producers and a stronger U.S. dollar, in which the commodity is priced.   Continued...