CANADA STOCKS-TSX barely adds to near 16-month peak
(Adds strategist comment, updates prices to close)
* TSX ends up 7.43 points, or 0.05 percent, at 14,847.92
* Half of the TSX's 10 main groups move higher
By Alastair Sharp
TORONTO, Oct 20 (Reuters) - Canada's main stock index inched higher on Thursday after hitting a near 16-month peak the previous day, as modest gains in heavyweight gold mining and banking stocks helped offset weakness among consumer and industrial names.
The energy sector also provided a lift, despite oil prices falling on the day, as investors bid up some shares in light of a broader push higher for crude.
"This is a fairly important change with the price of oil through $50 (a barrel) and looking like it's probably going to hold," said Paul Taylor, an investment strategist for BMO Harris Private Banking.
Suncor Energy Inc was among the most influential gainers, up 1 percent to C$38.77.
Altagas Ltd advanced 4.3 percent to C$34.96 after posting strong quarterly earnings. Continued...