CANADA STOCKS-TSX gains after hitting 1-week low as energy stocks rise

Thu Oct 13, 2016 5:29pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager comment, updates prices to close)

* TSX settles up 24.74 points, or 0.17 percent, at 14,643.71

* Index had touched its lowest since Oct. 4 at 14,472.78

* Six of the TSX's 10 main groups rise

By Alastair Sharp

TORONTO, Oct 13 (Reuters) - Canada's main stock index rose on Thursday, bucking a global trend lower as energy stocks gained with higher oil prices and heavyweight banking stocks also moved higher.

The index had hit a one-week low earlier in the session, as China's weak trade data and the prospects of a Federal Reserve interest rate hike by the end of the year weighed on global markets.

Gold miners were also among the most influential gainers, as gold edged higher on the broader economic worries. Goldcorp Inc climbed 1.8 percent to C$19.39 and Barrick Gold Corp advanced 0.6 percent to C$21.15.

Toronto Stock Exchange's S&P/TSX composite index closed up 24.74 points, or 0.17 percent, at 14,643.71. It earlier touched its lowest since Oct. 4 at 14,472.78. Six of its 10 main groups rose.   Continued...