CANADA STOCKS-TSX rises with oil, banks; miners down as Clinton cleared

Mon Nov 7, 2016 11:02am EST
 
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(Adds details, updates prices)

* TSX up 113.08 points, or 0.78 percent, at 14,622.33

* Nine of the TSX's 10 main groups move higher

TORONTO, Nov 7 (Reuters) - Canada's main stock index rose on Monday, helped by energy stocks and banks as oil prices gained and the FBI cleared U.S. Democratic presidential candidate Hillary Clinton of wrongdoing over emails just ahead of the U.S. election.

Nine of the index's 10 main groups were in positive territory, with the materials sector, which includes precious and base metals miners and fertilizer companies, falling 1.7 percent.

Gold miners weighed heavily as bullion retreated on the news about Clinton, which is seen helping her in a tight race for the White House against Republican nominee Donald Trump.

Clinton is viewed by markets as a status quo candidate with more predictable policies than her Republican rival Donald Trump, a political novice. News favoring Clinton's presidential bid generally boosts global risk appetite.

The election is on Tuesday and the final result will be known on Wednesday.

At 10:35 a.m. EDT (1535 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 113.08 points, or 0.78 percent, at 14,622.33. Advancers were outnumbering decliners by more than 3-to-1.   Continued...