CANADA STOCKS-TSX jumps to a 17-month high as oil surges

Mon Nov 21, 2016 5:14pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds portfolio manager quotes, details on sectors and index's performance and updates prices)

* TSX closes up 175.84 points, or 1.18 percent, at 15,039.87

* Index posts its highest close since June 3, 2015

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

By Fergal Smith

TORONTO, Nov 21 (Reuters) - Canada's main stock index jumped to a 17-month high on Monday, led by a more than 3 percent gain for its energy sector as oil rallied ahead of an OPEC meeting next week.

U.S. crude oil futures settled nearly 4 percent higher at $47.49 a barrel, bolstered by growing conviction that major oil producing countries would agree next week to limit output.

The most influential movers on the index included Suncor Energy Inc, which rose 2.4 percent to C$42.80, and Canadian Natural Resources Ltd, up 2.3 percent to C$44.08.

Financials, industrials and materials stocks also gained ground.   Continued...